Business
Italian watchdog fines Amazon $1.3 bn for abusing its market position

The Italian Competition Authority on Thursday fined e-commerce giant Amazon $1.3 billion (1.1 billion euros) for using its dominance in the online shopping world and harming competing operators in the logistics space via its ‘Fulfilment by Amazon’ (FBA) service.
The antitrust watchdog called AGCM was particularly concerned with the benefits Amazon gives to sellers on its platform that also pay to use its FBA logistics service.
“The investigation found that these are functions of the Amazon.it platform that are crucial for the success of sellers and for increasing their sales. Finally, the stringent performance measurement system to which Amazon subjects non-FBA sellers is not applied to third-party sellers who use FBA, and failure to pass this can also lead to the suspension of the seller’s account,” the AGCM said in a statement.
In doing so, said the authority, Amazon has harmed competing e-commerce logistics operators by preventing them from proposing themselves to online sellers as providers of services of a quality comparable to that of Amazon’s fulfillment.
“These conducts have, thus, increased the gap between the power of Amazon and that of the competition in the e-commerce order delivery business,” the statement read.
In a statement to Engadget, Amazon said: “We strongly disagree with the decision of the Italian Competition Authority (ICA) and we will appeal. The proposed fine and remedies are unjustified and disproportionate.”
The Italian watchdog said that Amazon must grant sales and visibility privileges on its platform to all the third-party sellers. The ACGM has given Amazon a year to comply with its rulings.
The fine is one of the largest levied by a EU country over online anti-trust issues.
Last month, the AGCM fined tech giants Apple and Google around $11.3 million each over violations of the Consumer Code – one for lack of information and another for aggressive practices regarding the acquisition and use of consumer data for commercial purposes.
This was the second time Apple was fined by the Italian regulator last month, after it and Amazon were hit with fines totalling over around $225 million for restricting who’s allowed to sell Apple and Beats products on Amazon’s Italian store.
Earlier this month, a significant report from a US-based nonprofit organisation claimed that Amazon is exploiting its position as a gatekeeper to impose steep and growing fees on third-party sellers, raking in big moolah.
In 2019, Amazon pocketed $60 billion in seller fees and this year, its take will soar to $121 billion, according to the report titled ‘Amazon’s Toll Road’ by the Institute for Local Self-Reliance.
Business
CM Fadnavis flags off Chhatrapati Shivaji Maharaj Circuit Bharat Gaurav train

Mumbai, June 9: Chief Minister Devendra Fadnavis on Monday flagged off the Chhatrapati Shivaji Maharaj Circuit Railway service under the Gaurav Yatra of Indian Railways, saying that the journey will be an inspiring experience for all the passengers.
He further stated that the work of keeping alive the history of Chhatrapati Shivaji Maharaj and Independence will be done through this railway.
“Today, more than seven hundred passengers are travelling on this railway. 80 per cent of these passengers are below the age of forty, who are going today to see the history of Chhatrapati Shivaji Maharaj. Passengers coming from all parts of the state will get the opportunity to experience history through this circuit railway. It has been 351 years since the coronation of Chhatrapati Shivaji. I am happy that this railway is starting service on this day,” said the chief minister.
Stating that Chhatrapati Shivaji Maharaj created Swarajya by defeating the Mughals and foreign invaders, CM Fadnavis said that later this Swarajya expanded to include the Attari.
“Today’s stop of this Gaurav Yatra will be at Raigad. Also, during this Yatra, important places like Shivneri, Lal Mahal, and Shivsruthi of Pune will be visited. Also, Goddess Ambabai of Kolhapur will be visited. Along with Prime Minister Narendra Modi, Railway Minister Ashwini Vaishnav, I congratulate the state’s Cultural Affairs Minister Ashish Shelar and his department, the Tourism Department,” he said.
On this occasion, Chief Minister Fadnavis wished the passengers and congratulated them on travelling on this very first circuit yatra.
The 5-day special tour includes visits to important historical sites related to the life of Chhatrapati Shivaji Maharaj and history-based programmes. “The arrival of this glorious train at Chhatrapati Shivaji Maharaj Terminus, Mumbai, in coordination with the Government of Maharashtra, will be a grand spectacle of Maharashtra’s culture. Tourists will be provided with detailed information about the tourist places at the places where the Bharat Gaurav train reaches,” said the government release.
The tour includes a visit to the Raigad Fort — Chhatrapati Shivaji Maharaj was crowned here and was the capital; Lal Mahal, Pune — Chhatrapati Shivaji Maharaj spent his childhood here; Kasba Ganapati and Shiva Culture, Pune — A museum on the life of Pune’s village deity and Chhatrapati Shivaji Maharaj; Shivneri Fort — Birthplace of Chhatrapati Shivaji Maharaj; Bhimashankar Jyotirlinga — one of the major religious sites among the 12 Jyotirlingas; Pratapgad Fort — The site of the historic victory over Afzal Khan; Kolhapur — Mahalaxmi Temple; and Panhala Fort — a symbol of the bravery of Bajiprabhu Deshpande.
For making the experience of all the passengers pleasant and memorable, the Maharashtra Tourism Development Corporation officials, in coordination with AirCTC, will guide them at every stage. In this 5-day journey, from railway stations to the forts of the Maharajas, tourists will be able to enjoy while observing the footprints of history at every place.
Tourists travelling by train on Monday were welcomed at the railway station by the Maharashtra Tourism Development Corporation to the sound of traditional drums and cymbals, said the government release.
On this occasion, Assembly Speaker Rahul Narvekar, Cultural Affairs Minister Ashish Shelar, Cultural Department Secretary Vikas Kharge, Tourism Principal Secretary Atul Patne, Managing Director of Maharashtra Tourism Development Corporation Manoj Kumar Suryavanshi, General Manager of Indian Railways Dharamveer Meena, IRCTC’s Rahul Himalian, Maharashtra Tourism Development Corporation General Manager Chandrashekhar Jaiswal, Senior Manager Sanjay Dhekane, along with railway officials and passengers were present.
National
Clear focus on good governance and transformation: PM Modi on 11 years of ‘seva’

PM MODI
New Delhi, June 9: Prime Minister Narendra Modi has said that India has witnessed rapid transformations across diverse sectors in the last 11 years, and the NDA government, guided by the principle of ‘Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayas’, has delivered pathbreaking changes with speed, scale and sensitivity.
Marking the 11 years of the NDA government at the Centre, PM Modi on Monday took to social media to highlight the efforts made across key sectors. India has undergone a decade of remarkable transformation, driven by the principles of Seva, Sushasan, and Garib Kalyan, he said.
PM Modi said there has been a clear focus on good governance and transformation.
“Powered by the blessings and collective participation of 140 crore Indians, India has witnessed rapid transformations across diverse sectors. Guided by the principle of ‘Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayas’, the NDA Government has delivered pathbreaking changes with speed, scale and sensitivity,” PM Modi wrote on his X post.
He said that from economic growth to social upliftment, the government’s focus has been on people-centric, inclusive and all-around progress. India today is not just the fastest-growing major economy, but also a key global voice on pressing issues like climate action and digital innovation.
“We are proud of our collective success but at the same time, we look ahead with hope, confidence and a renewed resolve to build a Viksit Bharat!” said the Prime Minister.
PM Modi shared links about India’s Vikas Yatra, showcased through interesting videos, infographics, and articles on the NaMo App, and urged people to explore these.
He said the last 11 years have brought many positive changes and boosted ‘Ease of Living.’
“The NaMo App takes you through this transformative journey in an innovative manner, through interactive games, quizzes, surveys and other such formats that inform, engage and inspire. Do have a look…,” PM Modi shared and urged people to participate.
The Centre has released an e-book, “Viksit Bharat ka Amrit Kaal: Seva, Sushasan, Garib Kalyan ke 11 Saal”, on its achievements across all the sectors over the past 11 years under the leadership of PM Modi.
“The year 2025 marks 11 years of Prime Minister Narendra Modi’s government. These 11 years have been dedicated to bring about development which is inclusive, progressive, and sustainable. The government under Prime Minister Modi has been steadfast in its commitment of creating equity and opportunity for all citizens. PM Modi has brought the politics of development – Vikasvaad – into the mainstream, making it the focal point around which political discourse and policy action now revolves,” said its introduction
Divided into 14 chapters, the book covers issues ranging from schemes for the poor and marginalised, farmer welfare, economy, healthcare, women/youth empowerment, infrastructure development, tech revolution, ease-of-living for middle class, the progress made in northeast, national security and foreign policy, environment and sustainability initiatives, and preservation and propagation of the country’s rich culture and heritage
“Since assuming office in 2014, PM Modi has remained firm in his resolve of keeping ‘India First’ in every policy formulation and action. This resolve is evident in government’s handling of both external and internal security, economic management, empowerment schemes for marginalised groups, efforts at cultural conservation and so on,” it said.
Business
India embraces cashless revolution in last 11 years: Nirmala Sitharaman

Nirmala Sitharaman
New Delhi, June 9: Union Finance Minister Nirmala Sitharaman on Monday said that India is embracing a cashless revolution with world-class digital initiatives like unified payments interface (UPI).
In the last 11 years, India has seen a remarkable journey under the leadership of Prime Minister Narendra Modi, the finance minister said on a post on X.
“India is embracing a cashless revolution. With Rs 70,000 crore+ worth UPI transactions daily and 59.6 crore transactions in a single day, digital payments are now the norm,” the minister added.
From making life easier for the common citizen to boosting business confidence, it’s been a decade of real and visible change, she further stated.
India today is not just the fastest-growing major economy, but also a key global voice on pressing issues like climate action and digital innovation.
In the month of May, UPI posted a robust growth by processing 18.68 billion transactions, up from 17.89 billion in April. As per data by the National Payments Corporation of India (NPCI), the UPI transactions mark a 33 per cent year-on-year (YoY) surge compared to 14.03 billion transactions in the same month last year.
The UPI transactions rose to Rs 25.14 lakh crore (by value) last month, a 5 per cent increase from Rs 23.95 lakh crore in April. This reflects a 23 per cent rise from Rs 20.45 lakh crore in May last year. The average daily transaction volume stood at 602 million, while the average daily transaction value reached Rs 81,106 crore.
The UPI has strengthened its dominance in India’s digital payments system with its share in the total transaction volume rising to 83.7 per cent in 2024-25 from 79.7 per cent in the previous financial year.
The RBI’s annual report shows that UPI facilitated 185.8 billion transactions during 2024-25, which represents a 41 per cent year-on-year increase. In value terms, UPI transactions rose to Rs 261 lakh crore from Rs 200 lakh crore in FY24.
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