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Economics

Trade, fiscal policy, banking, agriculture and economic indicators

July 2026 20 articles
06 06

Kharif sowing picks up, but still 21% below last year

Total kharif sowing stood at 350.85 lakh hectares as of early July 2026, a 21% decline from 442.8 lakh hectares in the corresponding period last year Paddy a...

GS3 (Agriculture/Economy) GS1 (Geography — monsoon) Economics Geography Environment & Ecology 4m
06 06

India, EU working to finish legal scrubbing of FTA text in 15-20 days: Piyush Goyal

India and the European Union are in the final phase of legal scrubbing of their Free Trade Agreement (FTA) text, expected to conclude within 15–20 days. Once...

GS Paper 2 (International Relations) GS Paper 3 (Indian Economy) International Relations Economics 5m
06 06

India, EU aim to complete FTA legal scrubbing in 15-20 days, says Piyush Goyal

The legal scrubbing phase of the India-EU Free Trade Agreement is expected to be completed within 10–15 days, as per a statement by the Union Commerce Minist...

GS Paper 2 GS Paper 3 International Relations Economics 5m
06 06

New rural employment scheme prioritises water security works

A gram panchayat-level planning framework was released for rural works under the Viksit Bharat – Guarantee for Rozgar and Ajeevika Mission, Gramin (VB-GRAMG)...

GS2 (Governance/Panchayati Raj) GS3 (Economy/Environment) Polity & Governance Economics Environment & Ecology 4m
06 06

ASEAN seeks deeper tariff cuts as India pushes FTA review to narrow trade deficit

Negotiations are underway for a formal review of the ASEAN-India Trade in Goods Agreement (AITIGA), with the Commerce Department in consultation with domesti...

GS Paper 2 (International Relations) GS Paper 3 (Indian Economy — External Trade) Economics International Relations 5m
06 06

Women-targeted unconditional cash transfer schemes beat expectations: EAC-PM paper

A working paper released under the Economic Advisory Council to the Prime Minister (EAC-PM) evaluated two state-level unconditional cash transfer (UCT) schem...

GS3 (Economics) GS1/GS2 (Social Issues, Welfare Schemes) Economics Social Issues 4m
06 06

Saudi Arabia cuts oil prices for Asia customers by $11 a barrel in biggest reduction in 26 years

Saudi Aramco cut the official selling price (OSP) of its flagship Arab Light crude for Asian customers by $11 per barrel for August 2026 deliveries, its stee...

GS3 (Economics) GS2 (International Relations) Economics International Relations 4m
06 06

Can India's new rural jobs scheme deliver? VB-G-RAM-G may mount fiscal pressure on states

The VB-G RAM G scheme (Viksit Bharat – Guarantee for Rozgar and Ajeevika Mission Gramin), which replaced MGNREGS on July 1, 2026, is now drawing scrutiny fro...

GS Paper 2 (Governance, Social Justice) GS Paper 3 (Indian Economy) Economics Polity & Governance 5m
06 06

What the lifting of gas curbs means? | Explained

The Ministry of Petroleum and Natural Gas withdrew most provisions of the emergency Natural Gas (Supply Regulation) Order, 2026 The order had been imposed af...

GS3 (Economy — Energy Security) GS2 (International Relations — Strategic Chokepoints) Economics 4m
06 06

VB-G RAM G: A potential rural income hike comes with a burden

The Viksit Bharat – Guarantee for Rozgar and Ajeevika Mission (Gramin) Act, 2025, known as VB-G RAM G, replaced MGNREGS effective July 1, 2026, marking the m...

GS Paper 2 (Governance, Social Justice) GS Paper 3 (Indian Economy) Economics Polity & Governance 4m
06 06

Why ethanol is crucial for India’s mobility transition, an expert explains

An industry explainer examined ethanol's role in decarbonising India's road transport sector, framing it as one of the fastest and most cost-effective pathwa...

GS3 (Economy, Environment, Science & Technology) Economics Environment & Ecology Science & Technology 4m
06 06

Eastern India lead in GI registrations, MP records highest registration in 2025-26

Madhya Pradesh recorded the highest number of new Geographical Indication (GI) registrations among all states in financial year 2025-26 Eastern India collect...

GS1 (Art & Culture) GS3 (Economy — Intellectual Property Rights) Economics Art & Culture 4m
06 06

Jaishankar meets Qatar PM, lauds mediation efforts as US, Iran return to negotiating table

The External Affairs Minister concluded a bilateral visit to Qatar, holding talks with the Qatari Prime Minister and Minister of Foreign Affairs, Sheikh Moha...

GS2 (International Relations) GS3 (Economy — Energy Security) International Relations Economics 4m
05 05

What is Japan’s Official Development Assistance & how India emerged as its largest recipient

Japan committed an ODA loan of JPY 275.858 billion (approximately ₹16,420 crore) to India in March 2026 for four infrastructure projects spanning urban trans...

GS Paper 2 (International Relations, India and its Neighbourhood) GS Paper 3 (Indian Economy, Infrastructure) International Relations Economics 6m
05 05

Indonesia looks beyond UPI, eyes India's digital blueprint

Indonesia and India are advancing integration of Indonesia's national QR payment system (QRIS) with India's Unified Payments Interface (UPI), building on a d...

GS Paper 2 (International Relations, Bilateral Agreements) GS Paper 3 (Science and Technology, Economy) International Relations Economics Science & Technology 6m
05 05

Hormuz to home, India’s resilience in uncertain times

Following the closure of the Strait of Hormuz by Iran in March 2026 — triggered by the US-Israel military operation on Iran — India faced an acute energy sup...

GS Paper 2 (International Relations, India and its Neighbourhood) GS Paper 3 (Energy Security, Indian Economy) International Relations Economics Geography 7m
05 05

Amit Shah to launch several projects as Ministry of Cooperation completes five years

The Ministry of Cooperation celebrated its 5th Foundation Day on July 6, 2026, at Bharat Mandapam, New Delhi, with the launch of several new initiatives. The...

GS Paper 2 (Government Ministries, Welfare Institutions) GS Paper 3 (Indian Economy — Agriculture, Banking, Food Storage) Polity & Governance Economics 6m
05 05

First instalment of ₹25,863 crore under VB-GRAM G released

The Union Ministry of Rural Development released the first instalment — termed the "Mother Sanction" — of ₹25,863 crore to states and Union Territories for r...

GS Paper 2 (Government Policies, Welfare Schemes) GS Paper 3 (Indian Economy, Inclusive Growth) Polity & Governance Economics 5m
05 05

India and Russia set $50 billion investment target by 2030

India and Russia have set a target of $50 billion in mutual investments by 2030, focusing on joint ventures in advanced manufacturing, critical minerals, and...

GS Paper 2 (International Relations) GS Paper 3 (Indian Economy, Trade) International Relations Economics 4m
05 05

From farms to factories, why Punjab’s urea diversion case matters nationally

Punjab Police registered a criminal case against the General Manager and other officials of the state-owned MILKFED cattle feed plant in Khanna, along with o...

GS Paper 2 (Governance, Government Policies) GS Paper 3 (Agriculture, Indian Economy, Subsidies) Economics Polity & Governance 5m