Pakistan faces funds crunch as Govt fails to roll out tax reforms: Report

IANS | June 5, 2026 2:13 PM

New Delhi, June 5 (IANS) Pakistan’s failure to carry out tax reforms has left its tax base narrowing over the years, resulting in shrinking revenues for the government to implement welfare schemes for the poor. As the country prepares for a new budget for FY27, there is little hope that things will improve, going by the past track record, according to local media reports.

India’s agriculture GVA more than doubles to Rs 48.7 lakh crore in a decade

IANS | June 5, 2026 1:14 PM

New Delhi, June 5 (IANS) The agriculture and allied sector’s gross value added rose from Rs 20.9 lakh crore in 2014‑15 to Rs 48.7 lakh crore in 2023‑2024, accounting for about 18 per cent of total GVA, supported by sustained policy focus and increased public investment, an official statement said on Friday.

Rupee gains 50 paise against dollar after RBI relaxes investment norms

IANS | June 5, 2026 12:33 PM

New Delhi, June 5 (IANS) The Indian rupee appreciated sharply against the US dollar on Friday after the Reserve Bank of India eased investment norms for foreign portfolio investors (FPIs) and announced measures aimed at improving capital flows, boosting investor sentiment.

RBI hikes equity investment limits for NRIs, OCIs

IANS | June 5, 2026 11:10 AM

Mumbai, June 5 (IANS) The Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday announced that the limits for investment by NRIs and OCIs in equity instruments traded on the stock market without SEBI registration are being increased.

Rajesh Exports shares plunge 5 pc, hit lower circuit for second straight day

IANS | June 5, 2026 10:51 AM

New Delhi, June 5 (IANS) Shares of Rajesh Exports tumbled 5 per cent for the second straight session on Friday, hitting lower circuit limits after capital markets regulator Securities and Exchange Board of India (SEBI) barred the company’s promoter and CEO, Rajesh Mehta from dealing in the company’s securities over alleged financial irregularities.