Economics
Trade, fiscal policy, banking, agriculture and economic indicators
BHAVYA Scheme gets Cabinet nod: Govt approves plug-and-play industrial parks plan with Rs 33,660 cr outlay
The Union Cabinet approved the Bharat Audyogik Vikas Yojana (BHAVYA) scheme on March 18, 2026, with a financial outlay of Rs 33,660 crore over six years (FY2...
Cabinet nod to Rs 54,926 crore plans: BHAVYA parks, support for cotton farmers, UP highway, hydro push
The Union Cabinet, chaired by the Prime Minister, approved a Rs 54,926 crore package of proposals in a single sitting on March 18, 2026. The biggest componen...
CCEA approves Rs 1,718.56 crore funding to CCI for cotton procurement operations
The Cabinet Committee on Economic Affairs (CCEA) approved Rs 1,718.56 crore as funding support to the Cotton Corporation of India (CCI) for MSP procurement o...
India's privatisation drive derails because of weak investor interest
India's privatisation programme has hit a significant setback, with three planned stake sales under consideration for shelving due to weak investor interest....
Cabinet nod to Rs 1,718 cr MSP funding to Cotton Corp
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved Rs 1,718.56 crore in MSP funding to the Cotton Corporatio...
67% of India's unemployed youth are graduates: Report
The State of Working India 2026 report, released by Azim Premji University, reveals that 67% of unemployed Indians aged 20–29 are graduates — up sharply from...
‘LPG (liberalisation, privatisation, globalisation) has hit industry’: SC
A nine-judge Constitution Bench of the Supreme Court, led by Chief Justice Surya Kant, is examining whether to revisit the 1978 Bangalore Water Supply & Sewe...
3 lakh tonnes of LPG in 6 Indian ships stranded in Strait of Hormuz
Six Indian-flagged ships carrying approximately 3 lakh metric tonnes (MT) of LPG — equivalent to roughly 3 days of India's national cooking gas consumption —...
Govt curbs import of diamond-studded gold, silver jewellery
The Indian government moved diamond-studded gold and silver jewellery to the "restricted" import category, requiring importers to obtain a prior licence from...
About 90 ships have crossed Strait of Hormuz so far as Iran exports millions of barrels of oil despite war
Despite the Strait of Hormuz effectively being shut to most commercial shipping following the US-Israel attack on Iran, approximately 90 ships have crossed t...
India's cheap weight-loss drugs could reshape global obesity fight
The patent on semaglutide — the active ingredient in blockbuster obesity and diabetes drugs Ozempic and Wegovy — expired in India on March 20, 2026, triggeri...
From the Strait of Hormuz to Malacca, global trade relies almost entirely on these five narrow waterways
The closure of the Strait of Hormuz following the US-Israel conflict with Iran has exposed the structural fragility of global trade, which depends overwhelmi...
US securities regulator issues long-awaited crypto guidance
The US Securities and Exchange Commission (SEC), under Chair Paul Atkins, issued its first comprehensive guidance clarifying how federal securities laws appl...
FM Sitharaman says ₹57,381 crore allocated for Economic Stabilisation Fund
Finance Minister Nirmala Sitharaman announced that ₹57,381.84 crore has been allocated toward the Economic Stabilisation Fund (ESF), the first tranche of a p...
LPG crunch pushes PM POSHAN kitchens back to firewood, burdening women workers
Government schools running the PM POSHAN (mid-day meal) scheme across multiple states are reverting to firewood and alternative solid fuels for cooking, as a...
India joins push to cut remittance costs ahead of WTO ministerial meet
India is pushing for a multilateral framework to reduce cross-border remittance transaction costs at the 14th WTO Ministerial Conference (MC14) in Yaoundé, C...
Climate finance has failed Africa twice over — how to fix it
Africa faces a climate adaptation financing gap of catastrophic proportions: it receives less than $14 billion annually in adaptation funds against a need ex...
India’s wholesale inflation rises to 11-month high of 2.13% in February
India's Wholesale Price Index (WPI)-based inflation rose to 2.13% in February 2026 (year-on-year, provisional), up from 1.81% in January 2026 — the highest r...
Flashpoint at WTO: India set to oppose US proposal seeking permanent ban on e-transmission duties
At the 14th WTO Ministerial Conference (MC14) in Yaoundé, Cameroon (March 26–29, 2026), the United States is pushing for a permanent ban on customs duties on...
Macro impact of crude oil price of up to $90/bbl ‘almost insignificant’: CEA to Parliamentary panel
Chief Economic Adviser (CEA) V. Anantha Nageswaran, appearing before the Parliamentary Standing Committee on Finance on 2 March 2026, stated that crude oil p...