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News, I read on 2nd June 

1.Relief to be expected by the government in evaluating plant and machinery for electronics manufacturing as the Ministry of Electronics and IT is planning to value the plant machinery and other capital goods at 40% of the original value.
https://in.finance.yahoo.com/news/govt-drop-plant-evaluation-clause-140408084.html

2.On Monday, the Cabinet Committee on Economic Affairs(CCEA) upgraded the investment and turnover limit for MSME.
https://www.livemint.com/news/india/msme-definition-revised-now-medium-firms-are-those-with-rs-250-cr-turnover-11591014568955.html  

3.Reliance rights issue is subscribed by 1.1 times as investors are highly confident in the growth of the company.
https://www.moneycontrol.com/news/business/markets/ril-rights-issue-subscribed-1-1-times-offer-to-close-on-june-3-5343251.html 


4.Moody’s has downgraded the Government of India's foreign-currency and local-currency long-term issuer ratings to Baa3 from Baa2. . The outlook remains negative.
https://www.business-standard.com/article/economy-policy/moody-s-downgrades-india-s-ratings-to-baa3-maintains-negative-outlook-120060101338_1.html 

5.Metals and crude oil prices rose on Monday on expectations of a recovery in demand following the gradual reopening of the global economy after over two months of lockdown
https://www.business-standard.com/article/markets/metals-crude-prices-surge-on-gradual-unlocking-of-global-economy-120060101114_1.html 

6.India has raised the price at which it could buy new-season summer crops, including rice by up to 50%
https://in.reuters.com/article/india-cabinet/india-raises-local-purchase-price-for-summer-crops-by-50-idINKBN2382A5 

7.India’s factory activity contracted sharply in May following a historic decline in April as a government-imposed lockdown to control the coronavirus hammered demand
https://in.reuters.com/article/india-economy-pmi/indias-factory-slump-deepens-in-may-headcount-slides-pmi-idINKBN2381AT 

8.India's unemployment rate in May rose to 23.48 per cent, marginally lower from 23.52 percent in April, according to data released by the Centre for Monitoring Indian Economy (CMIE)
https://www.business-standard.com/article/economy-policy/india-s-unemployment-rate-in-may-rises-to-23-48-show-cmie-data-120060100850_1.html 

9.The price of aviation turbine fuel (ATF) in Delhi was revised to Rs 33,575.37 a kilo-litre, up 56.5 per cent from Rs 21,448.62 in May. owing to a rise in international prices
https://www.business-standard.com/article/economy-policy/atf-price-follows-global-trend-up-56-5-to-rs-33-575-for-june-first-half-120060101391_1.html 

10.On Monday, Nifty closed 245.85 points higher at 9826.15 
VIX rises by 1.72%% and closed at 30.74, the usual safe range for VIX is between 12 to 20.
SGX Nifty trading 36.75 points higher at 8:10 am, Indian Time

Please comment important news you read today. Also, in case, if you find any news difficult to understand or comprehend - please comment and ask questions over the news blog.

I will try to answer and others will also help you comprehend the news., and nature.