SENSEX
NIFTY
GOLD
USD/INR

Weather

image 33    C

The Economic Times

Economy / The Economic Times

Silver imports now require prior authorisation as India tightens import rules

India's recent crackdown on silver imports marks a bold economic strategy. Now, traders must secure prior authorization for all grain and powder silver forms, a move aimed at stabilizing the rupee and curbing excessive shipments. Following last months restrictions on silver bars and semi-manufactured items, the government has upped import duties on gold and silver to 15%.

2 Jun 2026 7:52 pm
Quote of the day by Confucius: 'A youth, when at home, should be filial and, abroad, respectful to his elders. He should be earnest and...' - life lessons on self-development, personality traits to be successful, personal and professional growth tips by Chinese philosopher

Quote of the day by Confucius: Chinese philosopher Confucius' timeless teachings on respect, honesty, and kindness offer a vital counterpoint to modern society's focus on achievement. His wisdom emphasizes building strong character and relationships before pursuing knowledge, advocating for a life grounded in integrity and ethical conduct.

2 Jun 2026 7:52 pm
IMU CET 2026 result expected soon at imu.edu.in: Check how to download scorecard, counselling schedule, direct link and key details

The Indian Maritime University has activated its CET Rank Card Portal on imu.edu.in, signaling the imminent release of IMU CET 2026 results. Candidates who appeared for the exam on May 24, 2026, can soon download their rank cards using their login credentials. The rank card is crucial for the upcoming physical document verification process.

2 Jun 2026 7:38 pm
MSMEs to bear bigger hit than large firms from West Asia conflict: Crisil

The ongoing crisis in West Asia has struck a harsh chord for Indian small enterprises, leaving them vulnerable to significant setbacks. Anticipated decreases in production and revenue are creating a precarious balance for many, as mounting trade obstacles and rising expenditures apply further pressure on profits.

2 Jun 2026 7:33 pm
DRDO, IAF successfully test RudraM-II air-to-surface missile from Su-30MKI fighter; hits target with pin-point accuracy

India's Defence Research and Development Organisation and the Indian Air Force have successfully conducted flight tests of the RudraM-II air-to-surface missile. The indigenously developed missile demonstrated pinpoint accuracy, engaging its target successfully. These trials validate the missile's critical subsystems and mark a significant step towards Aatmanirbharta in advanced weapon systems.

2 Jun 2026 7:32 pm
Quote of the Day by one of the most influential philosophers Immanuel Kant: 'The busier we are, the more acutely we feel...'- Here's a timeless reminder that a busy life can be a meaningful life

Philosopher Immanuel Kant believed being busy makes life feel more alive. His timeless quote suggests purposeful engagement, not idleness, fosters a sense of meaning. Modern life's distractions highlight this truth. Meaningful activity, whether work or passion, connects us to our existence. This philosophy remains relevant today, emphasizing purpose over mere rest for a fulfilling life.

2 Jun 2026 7:28 pm
US may have shaved its metal tariffs but the steel wall facing Indian exporters remains standing

Tariff modifications in the United States bring a touch of relief for Indian exporters, particularly with reduced duties on select metal-involved equipment. Despite this, the persistent high tariffs on imports like steel, aluminum, and copper suggest limited benefit for Indias metal sector overall. Yet, firms leveraging U.S.

2 Jun 2026 7:28 pm
IndiGo issues travel advisory for Bengaluru flights as bad weather disrupts schedules

IndiGo has issued a travel advisory for passengers travelling to and from Bengaluru. Adverse weather conditions are disrupting flight schedules. The airline is monitoring the situation and working to ensure safe operations. Passengers are advised to check their flight status before heading to the airport. IndiGo teams are available to assist travellers. Operations are expected to normalise as weather improves.

2 Jun 2026 7:09 pm
Iranian Proverb of the Day: The donkey that feared the dust of the road spent its life admiring The biggest obstacle to success may not be failure but this ignored reason

Iranian Proverb of the Day: Today's proverb falls into the humorous category, using an ordinary, relatable image to uncover a surprisingly relevant lesson about ambition, comfort and success. At first glance, it may seem lighthearted and playful. Look a little closer, however, and its message begins to feel strikingly familiar, and perhaps a bit uncomfortably true.

2 Jun 2026 6:56 pm
BCCI appoints Sairaj Bahutule as Indias spin bowling coach

Sairaj Bahutule has been appointed the new spin bowling coach for the Indian men's cricket team. The former all-rounder brings extensive experience from his playing and coaching careers. Bahutule has a strong track record in domestic and franchise cricket. He previously coached India's Under-19 World Cup-winning side and worked with the National Cricket Academy.

2 Jun 2026 6:54 pm
CBSE Chairman transferred amid OSM controversy: All about IAS officer Rahul Singh

The Centre has transferred CBSE Chairman Rahul Singh and Secretary Himanshu Gupta, initiating an inquiry into the procurement of On-Screen Marking services. This action follows widespread criticism of the board's digital evaluation system and post-result processes after the Class 10 and 12 examination results were announced.

2 Jun 2026 6:50 pm
NEET MDS Toppers List 2026: NBEMS releases category-wise cut-off marks at natboard.edu.in; check merit list, topper ranks and scorecard date

NEET MDS Toppers list 2026: The National Board of Examinations in Medical Sciences has released the NEET MDS 2026 results. Candidates can download their scorecards from June 10. The toppers list and cut-off marks are also available. The examination was conducted for a total of 960 marks. Aspirants can check their results on the official website.

2 Jun 2026 6:48 pm
Mother Dairy targets 20% revenue growth to Rs 24,000 cr in FY27, eyes new markets

With sights set on a robust 20 percent rise in turnover this fiscal year, Mother Dairy aims to surpass Rs 24,000 crore driven by heightened consumer demand and bold market entry strategies. The establishment of new dairy plants in Maharashtra and Bihar will bolster this growth.

2 Jun 2026 6:34 pm
Indian proverb of the day: Everything happens at its own pace. The gardener may water with a hundred pots, but the fruit arrives only in its season - A timeless lesson on the power of patience and believing in time

An old saying reminds us that patience is a virtue. Effort is important, but some results take time. This wisdom is relevant today with instant gratification. Meaningful progress often happens gradually. Kabir Das, a revered poet-saint, shared similar sentiments. His teachings emphasize devotion and inner spirituality. His verses remain relevant for their insights into life.

2 Jun 2026 6:19 pm
CBSE Chairman, Secretary transferred as Centre cracks down after OSM controversy

In a bold move, the Centre has relocated CBSE Chairman Rahul Singh and Secretary Himanshu Gupta, responding to growing concerns over the Board's tech-based evaluation system. An inquiry into the procurement process for On-Screen Marking services has been launched, aiming to tackle the criticisms head-on.

2 Jun 2026 6:12 pm
6 years after Sushant Singh Rajput's death, Rhea Chakraborty revisits darkest phase of her life. Why Aryan Khan's case triggered her

Six years after the death of Sushant Singh Rajput, Rhea Chakraborty has opened up about the emotional scars left by the controversy that followed. In a recent interview with Variety India, the actress said Aryan Khan's arrest and the public scrutiny surrounding his case reminded her of what her brother Showik Chakraborty went through during the NCB investigation in 2020.

2 Jun 2026 6:08 pm
Forget expensive serums, these 7 foods can support healthier skin

Expensive serums are not the only way to achieve healthy-looking skin during summer. From watermelon and cucumber to curd and papaya, these seven everyday foods can help support hydration and overall skin health. Adding them to your diet may be one of the simplest ways to care for your skin this season.

2 Jun 2026 5:52 pm
Venezuela's interim President Rodriguez to visit India as oil imports rise

Venezuela's interim President Delcy Rodriguez will travel to India on Wednesday for a five-day visit, the foreign ministry said, as New Delhi scales up crude imports from Caracas. Rodriguez will be accompanied by several ministers and will hold meetings with Prime Minister Narendra Modi, said foreign ministry spokesman Randhir Jaiswal.

2 Jun 2026 5:47 pm
15 minutes, 1 big lesson: How a routine bike ride became a powerful reminder of courage, responsibility and refusing to give up

An ordinary Rapido bike ride turned into a profound life lesson for Ankit Pandey. He encountered a young woman, the sole breadwinner for her family after her father's passing, who was diligently working to repay a loan and support her brother. Her quiet determination in the face of adversity left a lasting impact, highlighting the resilience found in everyday individuals.

2 Jun 2026 5:41 pm
Forget rising fuel costs, Delhi-NCR apartment residents may soon face higher maintenance bills

Housing societies across NCR are reassessing maintenance charges after revised minimum wages significantly increased manpower costs for security guards, housekeeping staff, gardeners, electricians and other workers. While RWAs and AOAs say the hikes are necessary to comply with wage rules, many residents are demanding greater transparency before agreeing to pay more

2 Jun 2026 5:39 pm
The ceasefires in Gaza, Lebanon and Iran are stretching the term's meaning

Ceasefires have been announced but fighting continues across the Middle East - Gaza, Lebanon and Iran. Israeli forces advance in Gaza and Lebanon. The US and Iran trade fire, impacting global fuel supplies. Despite agreements, hostilities persist, leaving many in dire conditions and raising questions about the meaning of peace.

2 Jun 2026 5:38 pm
Quote of the day by Elon Musk: When something is important enough, you do it even...

Elon Musk's powerful quote, When something is important enough, you do it even if the odds are not in your favor, underscores the necessity of unwavering commitment and action. This philosophy champions determination and resilience, urging individuals to pursue their goals despite challenges, doubts, or low success probabilities. It's a call to action for embracing persistence in all life's endeavors.

2 Jun 2026 5:35 pm
L&T, Bharti Enterprises discuss Assam expansion plans with CM Himanta Biswa Sarma

Assam Chief Minister Himanta Biswa Sarma met with Larsen & Toubro and Bharti Enterprises leaders. Discussions focused on ongoing projects and future investments in infrastructure and telecommunications. The Chief Minister also met NITI Aayog Vice Chairman Dr. Ashok Lahiri. This collaboration aims to accelerate development and improve governance in Assam.

2 Jun 2026 5:28 pm
BPTP to invest Rs 1,200 crore in developing Gurugram project

BPTP Limited is investing Rs 1,200 crore in a new luxury residential project in Gurugram's Sector 66. The development will feature 504 residences with prices starting from Rs 5.32 crore. The project emphasizes enhanced safety, extensive amenities, and sustainable building practices. It aims to create a curated living environment with walkability and hospitality-influenced spaces.

2 Jun 2026 5:19 pm
I do not think the problem is the dress code: Top-performing employee gets suspended for wearing jeans to work. 2 weeks later, manager asks him to return urgently

As per an X-post by career coach Simon Ingari, the company suspended a high-performing employee named Alex for wearing jeans to work, which, as per the manager, was against the dress code. His absence caused operational issues and missed deadlines. The manager had to recall Alex. This incident sparked a discussion on whether performance should outweigh appearance in the workplace.

2 Jun 2026 5:15 pm
CBSE portal withstands cyberattack that generated 1.5 million hits in 2 minutes; 16,000 students apply

The CBSE re-evaluation portal found itself under siege as cybercriminals unleashed a barrage of attacks, flooding the system with millions of unauthorized access attempts. Thankfully, the portal remained functional, and countless students were able to file their re-evaluation applications without a hitch.

2 Jun 2026 5:13 pm
India overhauls inflation framework with new Producer Price Index, revised WPI

India is set to introduce a new Producer Price Index and a revamped Wholesale Price Index from June 15. This significant overhaul aims to align with global standards and better capture price trends. The revised WPI will cover more commodities and include renewable energy. New Producer Price Indices for goods and services will also be rolled out.

2 Jun 2026 4:58 pm
Love Island USA 2026: Full release schedule for US, episode times and streaming options in UK, heres everything fans need to know

The mix of daily episodes, real-time storytelling and unpredictable romantic twists has helped turn Love Island USA 2026 into one of the summers most eagerly anticipated reality shows. With every passing week, viewers can expect new pairings, dramatic eliminations and surprise bombshell arrivals that keep the competition constantly evolving.

2 Jun 2026 4:51 pm
Fintech lenders corner 77% of India's personal loan market by volume in FY26

Fintech lenders now lead India's personal loan market by loan count. These digital NBFCs are disbursing small-ticket loans, reaching more customers in smaller cities and younger demographics. Their loan book has grown significantly, and asset quality is improving. Fintech lending is becoming a key part of India's retail credit landscape.

2 Jun 2026 4:50 pm
'I earn Rs 2 lakh a month': Engineer cab driver's answer leaves Bengaluru influencer stunned, his business model gave 'goosebumps'

A Mumbai cab driver has gone viral after revealing that he earns around Rs 2 lakh a month through a fleet business he built from scratch. Speaking to Bengaluru-based content creator Caleb Friesen, the engineering graduate said he chose entrepreneurship over job offers paying Rs 20,000-30,000 a month. Starting with a single vehicle, he gradually expanded to four cars, three of which are operated by hired drivers under a revenue-sharing model.

2 Jun 2026 4:42 pm
ED arrests 4 promoters in Rs 2,004-crore homebuyer fraud case involving over 19,000 buyers

The Enforcement Directorate has arrested four promoters of Earth Infrastructures Ltd. This action is part of a money laundering probe into an alleged Rs 2,004-crore homebuyer fraud. Over 19,000 buyers and investors were affected. The accused were taken into custody for interrogation. The agency alleges funds were siphoned off, leaving projects incomplete and causing losses to buyers.

2 Jun 2026 4:33 pm
Quote of the day by Will Smith: Life is not the amount of breaths you take. It is the moments that take your breath away - What The Hitch actor's movie dialogue teaches us about living a meaningful life

Will Smith's iconic career spans blockbuster action films and emotionally resonant roles. His quote from 'Hitch,' 'Life is not the amount of breaths you take. It is the moments that take your breath away,' emphasizes living for meaningful experiences. This timeless message remains relevant, encouraging a focus on joy, relationships, and personal growth amidst modern distractions.

2 Jun 2026 4:32 pm
Quote of the day by Thomas Dewar: 'Love is an ocean of emotions entirely surrounded by...' Life lessons on relationships, family and wealth by popular Scottish businessman, politician and distiller

Quote of the day by Thomas Dewar highlights the connection between emotions and financial responsibilities. The quote, Love is an ocean of emotions entirely surrounded by expenses, explains how relationships involve both feelings and practical obligations. The saying remains relevant today because families, marriages, and partnerships often require emotional commitment as well as financial planning. It also reflects the life experiences and observations of Scottish businessman Thomas Dewar.

2 Jun 2026 4:31 pm
West Bengal government holds pre-budget talks with industry bodies'

West Bengal's finance department met with industry leaders for pre-budget consultations. Stakeholders presented proposals to boost investment and improve business conditions. Key areas discussed included industrial development, solar energy, and trade procedures. The state government is preparing its first budget under the new BJP administration. The budget presentation is scheduled for June 22.

2 Jun 2026 4:30 pm
CJP founder Abhijeet Dipke teases eminent personality joining cockroach movement; X users guess who it could be

Cockroach Janta Party founder Abhijeet Dipke posted a cryptic post on X which has sparked fresh speculation online. After announcing that an eminent personality would be joining the cockroach movement, X users flooded the replies with guesses ranging from politicians and activists to comedians and public figures.

2 Jun 2026 4:27 pm
Even casual employee can claim pension: SC says pension is a right, not favour

The Supreme Court ruled that government employees cannot be denied pension for decades of service due to a lack of formal regularization. In a significant victory for a Bihar widow, the court declared pension an earned legal entitlement, not a discretionary benefit, rejecting the government's financial burden argument.

2 Jun 2026 4:26 pm
Extreme heat tests India's record milk production

India's booming dairy sector, a global leader, faces a significant threat from escalating heatwaves. Farmers like Neeraj Bharadwaj are witnessing premature births and reduced milk yields, forcing costly adaptations. While research into heat-resilient breeds and improved farm practices is underway, smallholders struggle to afford these changes, jeopardizing future milk supply amidst growing demand.

2 Jun 2026 4:22 pm
Indian refiners shift to soyoil in May as palm oil loses price advantage

India's edible oil imports increased in May, driven by a surge in soyoil purchases. Palm oil imports saw a slight rise but remained below average. Refiners favored soyoil as its price advantage over palm oil narrowed. Cooking gas shortages also impacted palm oil demand from bulk consumers. Overall edible oil imports reached 1.3 million tons.

2 Jun 2026 4:15 pm
OPPO partners with Instagram to back India's growing creator economy

OPPO is partnering with Instagram to empower India's booming creator economy, launching the Oppo Lumo image program. This initiative offers mentorship, particularly for micro and nano creators. The collaboration aims to enhance video upload quality to Instagram, benefiting both creators and the platform's engagement.

2 Jun 2026 4:10 pm
RUHS CUET Result 2026 out today at ruhscuet2026.com: Check Rajasthan BSc Nursing merit list, steps to download scorecard and direct link

RUHS CUET 2026 Result at ruhscuet2026.com: RUHS Bsc Nursing Result 2026: RUHS CUET 2026 results are anticipated today, June 2. Candidates can check their scorecards on ruhsraj.org and ruhscuet2026.com. The scorecard will detail candidate information and exam performance. The exam was held on May 21 for BSc Nursing, paramedical, and pharmacy admissions. Category-wise cut-off marks will also be released, influencing counselling and admission. Applicants should prepare login details for updates.

2 Jun 2026 4:05 pm
Quote of the day by Mother Teresa: I find the rich much poorer, as sometimes they are lonelier inside. The hunger for love is much more difficult to remove than the hunger for bread - lessons on the true meaning of wealth from celebrated Catholic saint

Mother Teresa, now Saint Teresa of Calcutta, spoke of a deeper poverty. She noted that the rich can be lonelier, their hunger for love harder to satisfy than hunger for bread. This message remains vital in our fast-paced world. Genuine human connection and care are essential for well-being. Her life's work with the Missionaries of Charity continues to inspire.

2 Jun 2026 3:58 pm
India's fuel exports plunge in May as domestic demand takes priority

India's fuel exports saw a significant drop in May, reaching their lowest point in almost four years. This decline was driven by efforts to secure domestic fuel supplies amid global tensions and scheduled refinery upkeep. Shipments of diesel, gasoline, and jet fuel were considerably reduced. A shift towards increased production of LPG also impacted export availability.

2 Jun 2026 3:57 pm