Economics
Trade, fiscal policy, banking, agriculture and economic indicators
Three old thermal power sites shortlisted for new nuclear power projects
Three decommissioned or ageing thermal (coal-based) power station sites have been shortlisted for setting up new nuclear power plants, as part of India's nuc...
Tata Electronics, ASML sign MoU to advance chip making ecosystem in India
Tata Electronics and ASML (Netherlands-based semiconductor equipment company) signed a Memorandum of Understanding on May 16, 2026 to advance the semiconduct...
Iran will announce Strait of Hormuz mechanism, collect fees, Iranian MP says
A senior Iranian lawmaker and Chairman of the Parliament's National Security and Foreign Policy Committee announced that Iran will unveil a mechanism to coll...
The week in charts: PM Modi’s austerity call, MSP hike, sugar export ban
The Cabinet Committee on Economic Affairs (CCEA) approved an increase in Minimum Support Prices (MSP) for 14 kharif crops for the marketing season 2026-27, m...
Oil price shock to widen current account deficit, push inflation higher as US-Iran war continues: Expert
Experts have warned that the continued oil price shock stemming from the US-Iran war and the closure of the Strait of Hormuz is simultaneously widening India...
Govt imposes import curbs on silver
The government reclassified silver imports from the "free" category to the "restricted" category under India's import policy, effective immediately, requirin...
Rising oil prices, gold imports to widen trade deficit, CAD may touch 1.5-2% of GDP: ICICI Securities
Analysts have warned that the twin pressures of elevated crude oil prices — driven by the ongoing US-Iran conflict and the closure of the Strait of Hormuz — ...
India's April exports jump 13.8%, trade gap widens to 3-month high
India's merchandise exports in April 2026 rose 13.78% year-on-year to $43.56 billion (from $38.28 billion in April 2025), marking a five-month high in export...
Rajnath, CM Naidu lay stone for AMCA project in Andhra, minister calls it 'history chapter in defence history'; 8 cos to set up 'Drone City' in Kurnool
The foundation stone for the Advanced Medium Combat Aircraft (AMCA) Aircraft Integration and Flight Testing Centre was laid at Puttaparthi, Andhra Pradesh, o...
Petrol, diesel prices hiked by Rs 3 per litre, covers only part of losses incurred by oil PSUs
Public sector Oil Marketing Companies (OMCs) — Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation...
BRICS foreign ministers condemn Pahalgam attack, voice concerns over rise of tariff measures ‘which distort trade’
BRICS foreign ministers at the New Delhi meeting (May 14–15, 2026) strongly condemned the Pahalgam terror attack — the April 2025 massacre in Jammu and Kashm...
Productivity, not just growth, for Viksit Bharat
A policy analysis published in May 2026 argues that India's high GDP growth rate is insufficient by itself to achieve Viksit Bharat (Developed India) by 2047...
Finance Ministry increases export levy on petrol, reduces that of diesel and ATF
The Finance Ministry, through the Central Board of Indirect Taxes and Customs (CBIC), revised the Special Additional Excise Duty (SAED) on exported petroleum...
Trade, supply chains and economic statecraft
A structural reset in the global trading order — driven by supply chain fragmentation, the retreat from hyper-globalisation, and the rise of geopolitical blo...
GST Tribunal revamps appeal process: Division bench review now mandatory for appeals
The GST Appellate Tribunal (GSTAT) has mandated that all appeals must undergo a screening by a Division Bench before any matter can be assigned to a Single B...
Govt imposes export duty on petrol, cuts levy on diesel, jet fuel exports
The government revised export levies on petroleum products effective May 16, 2026: a Special Additional Excise Duty (SAED) of ₹3 per litre was imposed on pet...
Steel safeguard measure hits India-UK trade pact rollout
India and the UK concluded a Comprehensive Economic and Trade Agreement (CETA) in July 2025 after 14 rounds of negotiations spanning three years; implementat...
Fuel price hike may push inflation up by 20 bps, say experts
State-owned oil marketing companies (OMCs) — Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL) — raised petrol and diesel...
Could e-Vikas solve India’s fertiliser distribution challenge? Nishant Warwade explains | Teaser
The e-Vikas portal, implemented by the Madhya Pradesh government, is emerging as a model for resolving the longstanding challenge of fertiliser hoarding, div...
Energy to defence, India, UAE deepen ties as PM Modi calls for open Hormuz
During a state visit to the UAE, India and the UAE signed multiple agreements covering energy supply, strategic petroleum reserves, defence, and maritime inf...