Economics
Trade, fiscal policy, banking, agriculture and economic indicators
Global rice prices poised to gain on deficit, geopolitical crisis and weather concerns
Global rice prices are projected to rise after a period of post-ban correction, as a confluence of factors — a 5 million tonne projected production deficit, ...
Geopolitics has changed since last India-Nordic Summit, conflicts on agenda for talks: Norwegian envoy
The third India-Nordic Summit convened in Oslo on May 19, 2026, bringing together India and the five Nordic nations — Denmark, Finland, Iceland, Norway, and ...
Iran officially announces new body to manage Strait of Hormuz
Iran's Supreme National Security Council officially announced the creation of the Persian Gulf Strait Authority (PGSA), a dedicated regulatory body to govern...
Govt imposes ₹3 per litre duty on petrol exports, cuts levies on diesel and ATF
Effective 16 May 2026, the government imposed a Special Additional Excise Duty (SAED) of Rs 3 per litre on exports of petrol — the first such levy on petrol ...
From queues to QR codes: A state in India may have found the fix for India’s fertiliser distribution woes
Madhya Pradesh has piloted a QR-code-based fertiliser distribution system aimed at eliminating queues, preventing diversion of subsidised fertilisers, and en...
IISc study says Namma Metro Blue Line can run entirely on solar power
A techno-economic study by researchers at the Indian Institute of Science (IISc), conducted in collaboration with the Bengaluru Metro Rail Corporation Limite...
Palm oil is turning into fuel—and India’s import bill could rise
Indonesia and Malaysia — the world's two largest palm oil producers, together accounting for over 85% of global palm oil supply — are expanding their biodies...
New fuel-efficiency rules, global testing systems could raise car prices, lower mileage
Starting April 1, 2027, India will replace the Modified Indian Driving Cycle (MIDC) testing method with the Worldwide Harmonised Light Vehicle Test Procedure...
U.S. Treasury to extend sanction waiver on Russian seaborne oil, source says
The US Treasury Department is considering a 30-day extension of the sanction waiver that previously allowed countries to purchase Russian seaborne oil, accor...
U.S. nuclear industry delegation meets Jitendra Singh, explores private investment avenues in India
A high-level US industry delegation comprising representatives from the Nuclear Energy Institute (NEI) and the US-India Strategic Partnership Forum (USISPF) ...
Chandrababu Naidu asks Centre to resolve crises faced by aqua, tobacco farmers
Andhra Pradesh's Chief Minister urged the Centre to intervene on two simultaneous agricultural crises: a collapse in aquaculture export revenues due to US ta...
38 million full-time jobs may fall if war in West Asia continues, warns ILO
The International Labour Organization (ILO) released its "Employment and Social Trends May 2026 Update," warning that if the West Asia conflict continues and...
Finance ministry asks banks, insurance companies for cost cutting, move to EVs
The Department of Financial Services (DFS), under the Ministry of Finance, issued a circular to all public sector banks (PSBs), regional rural banks (RRBs), ...
WPI inflation crossing 10% mark not a tail risk but a near-term base case: Report
State-owned oil marketing companies (OMCs) — Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL) — raised petrol and diesel...
India to keep buying Russian oil regardless of US sanctions waivers, says official
A senior official from India's Ministry of Petroleum and Natural Gas stated that India will continue purchasing Russian crude oil irrespective of whether US ...
Current account deficit to widen to 2.3 per cent of GDP in FY27 from 0.9 pc in FY26: Report
India's current account deficit (CAD) is projected to widen to approximately 2.3% of GDP in FY27, up sharply from an estimated 0.9% of GDP in FY26, according...
India's fertiliser subsidy bill for FY27 may rise by Rs 70,000 cr on West Asia crisis, official says
The fertiliser subsidy bill for FY27 is projected to rise by approximately Rs 70,000 crore—or about 20%—over the budgeted estimate of Rs 1.71 lakh crore, dri...
FinMin asks PSU banks, insurers to adopt austerity measures, shift to EV
The Department of Financial Services (DFS), on May 18, 2026, issued a circular directing all public sector banks (PSBs), regional rural banks (RRBs), public ...
'Track imports, manufacture in India': Piyush Goyal pushes swadeshi production
The Ministry of Commerce and Industry has directed Indian businesses to systematically track imports and identify specific product categories where domestic ...
RBI publishes Payment System Report, December 2025
The Reserve Bank of India published the half-yearly Payment System Report for December 2025, covering five calendar years of payment transaction trends throu...