Economics
Trade, fiscal policy, banking, agriculture and economic indicators
Amid West Asia crisis, government bans sugar exports until September 30
The Directorate General of Foreign Trade (DGFT) issued a notification on May 13, 2026 changing the export policy for sugar — covering raw sugar, white sugar,...
India, UAE may sign pacts on strategic petroleum reserves, LPG during PM visit
During a high-level bilateral visit to the UAE, India signed two significant energy security agreements with Abu Dhabi. The first agreement — signed between ...
Jaishankar holds talks with Russia’s Lavrov; trade and geopolitics in focus
The External Affairs Minister held talks with Russian Foreign Minister Sergey Lavrov in New Delhi on 13 May 2026, on the sidelines of the BRICS Foreign Minis...
Iran working on Hormuz ‘protocol’ to cover ‘costs’, says Deputy Foreign Minister Gharibabadi
Iran's Deputy Foreign Minister Kazem Gharibabadi, attending the BRICS Foreign Ministers' Meeting in New Delhi (May 14–15, 2026), stated that Iran is working ...
India targets $1 trillion exports in FY27 as FTAs come into effect, says Goyal
The Union Commerce Ministry has set a target of USD 1 trillion in total exports (goods and services) for FY 2026-27, up from approximately USD 863 billion in...
Learn from Sri Lanka’s experience on impact of fertilizer supply chains: experts
At a panel discussion on the "Impact of West Asia Crisis on Economic Disruptions and Sustainability: Implications for India," experts urged India to draw les...
Tamil Nadu, Uttar Pradesh top logistics performance ranking, Mizoram and Delhi also lead
The Ministry of Commerce and Industry released the LEADS 2025 (Logistics Ease Across Different States) report, benchmarking logistics performance across all ...
Centre raises MSP for 14 kharif crops, boosts support for pulses and oilseeds
The Cabinet Committee on Economic Affairs (CCEA) approved an increase in Minimum Support Prices (MSPs) for all 14 mandated kharif crops for the 2026-27 marke...
MSP hike for Kharif crops: Cabinet raises support prices for 14 crops for marketing season 2026-27
The Cabinet Committee on Economic Affairs (CCEA) approved a hike in Minimum Support Prices (MSP) for 14 Kharif crops for Marketing Season 2026-27, continuing...
Cabinet okays Rs 37,500 cr scheme for coal, lignite gasification; promotes use of indigenous tech
The Union Cabinet approved the Scheme for Promotion of Surface Coal/Lignite Gasification Projects on May 13, 2026, with a total financial outlay of ₹37,500 c...
Cabinet okays 134-km semi-high-speed rail line between Ahmedabad & Dholera
Cabinet approved a 134-km semi high-speed double-line railway corridor between Ahmedabad (Sarkhej) and Dholera at an estimated project cost of approximately ...
Why India hiked import duty on gold, silver amid rupee fall and rising oil prices
Effective 13 May 2026, the government raised the import duty on gold and silver from 6% to 15%, comprising a 10% basic customs duty and a 5% agriculture infr...
West Asia war impact on oil market worse than earlier anticipated: What’s the worry for India?
The ongoing West Asia conflict has pushed crude oil prices to levels significantly higher than earlier anticipated, with the Indian crude basket reaching app...
Hotel staff assaulted, case registered
A case of assault on hotel staff was registered by police in Kerala following a complaint by the victims — a young man and woman who worked at a hotel in Thi...
Cabinet approves Ahmedabad–Dholera semi high-speed rail project
The Union Cabinet approved the Ahmedabad (Sarkhej)–Dholera Semi High-Speed Double Line railway project on 13 May 2026 at an estimated cost of approximately R...
Cabinet approves ₹37,500 crore package to boost coal gasification
The Union Cabinet approved a ₹37,500-crore incentive package for coal and lignite gasification projects, with the explicit objective of reducing India's impo...
Govt hikes import duty on gold, silver to 15% amid forex concerns
The government raised the import duty on gold and silver to 15% from the earlier 6%, effective May 13, 2026 — a hike of 9 percentage points, more than doubli...
Cabinet clears Kharif MSP hikes, ₹37,500-crore coal gasification push to shore up economy
In a single CCEA session, the Union Cabinet approved two major economic measures: MSP hikes for 14 kharif crops for 2026-27, and a ₹37,500-crore incentive sc...
Cabinet approves scheme to promote coal/lignite gasification projects with outlay of ₹37,500 crore
The Cabinet Committee on Economic Affairs (CCEA) formally approved the "Scheme for Promotion of Surface Coal/Lignite Gasification Projects" with a total fina...
Indian government hikes minimum support prices for kharif crops; raises paddy rate by 3%
The Cabinet Committee on Economic Affairs (CCEA) approved the Minimum Support Price (MSP) for 14 mandated kharif crops for the marketing season 2026-27. Padd...