Economics
Trade, fiscal policy, banking, agriculture and economic indicators
Expert Explains | How UAE’s exit from OPEC presents an opportunity for India’s strategic petroleum reserves
The United Arab Emirates announced its withdrawal from OPEC and the broader OPEC+ alliance, effective May 1, 2026 — the most significant defection in the car...
‘Not sustainable’: Why the Kerala government scrapped Rs 64,000 cr SilverLine project
The Kerala government officially scrapped the SilverLine (K-Rail) semi-high-speed rail corridor project in May 2026, with the announcement that all proceedin...
India's weather futures debut puts Mumbai rain up for trade
India's National Commodity and Derivatives Exchange (NCDEX) launched the country's first exchange-traded weather derivative contract — branded "RAINMUMBAI" —...
PM Modi receives ‘Agricola Medal’, Food and Agriculture Organisation’s highest honour in Italy | LIVE
During a five-nation diplomatic tour, the Prime Minister received the Food and Agriculture Organisation's (FAO) highest honour, the Agricola Medal, at the FA...
Commerce Dept maps import substitution, export push amid West Asia concerns
The Department of Commerce convened consultations with industry bodies, asking them to suggest measures for import substitution and export promotion in respo...
Heavy Industries Ministry consults industry to speed up e-buses, e-trucks
The Ministry of Heavy Industries convened a stakeholder consultation with fleet operators, financiers, and industry bodies to accelerate adoption of electric...
Ukraine ally Britain eases sanctions on Russian oil as fuel prices surge over Iran conflict
The United Kingdom issued trade licences easing previously announced sanctions on Russian oil refined in third countries such as India and Turkey, permitting...
India’s core sector growth edges up to 1.7% in April on steel, cement boost
India's Index of Eight Core Industries (ICI) recorded year-on-year growth of 1.7% in April 2026, a two-month high, up from a revised 1.2% in March 2026. Grow...
Hormuz crisis: Australian LNG to India will surge, says Australian High Commissioner
Australia's High Commissioner to India stated that Australian LNG could reach eastern India via crisis-free Indian Ocean routes, bypassing the blocked Strait...
Only 8% of Atal Pension Yojana’s subscribers opt for ₹5,000 monthly slab; 87% choose minimum sum of ₹1,000
Data from the Pension Fund Regulatory and Development Authority (PFRDA) shows that approximately 87% of Atal Pension Yojana (APY) subscribers have chosen the...
Rules for new rural employment scheme to be issued soon
The Ministry of Rural Development informed a Parliamentary Standing Committee on May 20, 2026, that 25 states have already allocated funds for the new rural ...
European Union paves way to finalise U.S. trade deal and avoid Trump tariff hike
The Council presidency (representing EU member states) and the European Parliament reached a provisional agreement on May 20, 2026, to implement the tariff e...
India’s Evolving Metrology Ecosystem
A government release marked World Metrology Day 2026 (observed annually on May 20), highlighting the evolution of India's legal metrology framework from anci...
India to Host 68th Session of Asian Productivity Organization Governing Body in New Delhi
The 68th Session of the Asian Productivity Organization (APO) Governing Body was held from 20 to 22 May 2026 at Bharat Mandapam, New Delhi, with India servin...
UN cuts India's 2026 GDP forecast to 6.4 pc, still among fastest-growing economies
The United Nations revised India's GDP growth forecast for 2026 downward to 6.4%, from an earlier projection of 6.6%, in its mid-year update to the World Eco...
Citi sees India tightening currency controls to halt Rupee slump
Global financial institutions have assessed that India may introduce additional measures to support the rupee and boost foreign exchange reserves in the comi...
India needs to raise R&D spending to 2 pc of GDP by 2035 to boost manufacturing: Report
A report by CareEdge Ratings identified India's low research and development expenditure — at 0.6-0.7% of GDP — as the primary structural constraint on manuf...
PM Modi conferred Food and Agricultural Organisation's highest honour, Agricola Medal, for contribution to global food security
The FAO Agricola Medal — the Food and Agriculture Organization's highest honour — was conferred on India's head of government at a ceremony held at FAO headq...
Why CEA Anantha Nageswaran says India is facing a ‘Live Balance of Payments Stress Test’
The Chief Economic Advisor described the ongoing West Asia crisis as a "live balance of payments stress test" for India, with direct implications for inflati...
Italy and India set to upgrade ties during PM Modi's visit to Rome
India and Italy elevated their bilateral ties to a "Special Strategic Partnership" during a high-level summit in Rome on May 20, 2026, as part of Prime Minis...