Economics
Trade, fiscal policy, banking, agriculture and economic indicators
India hikes gold and silver tariffs to 15% to curb imports, support rupee
The central government raised the import tariff on gold and silver to 15% effective May 13, 2026, through customs notifications issued on May 12, 2026. The n...
Containing war impact on growth, current account: PMO stitching up plan to boost foreign fund flow
The Prime Minister's Office (PMO) is coordinating a multi-ministry effort to mitigate the economic impact of the West Asia conflict, with officials at the Fi...
India books phosphate fertilizer at 40% above pre-war prices
Indian Potash Ltd. (IPL) contracted approximately 1.35 million tonnes of Diammonium Phosphate (DAP) fertilizer — a record volume in a single tender — at $930...
India-Oman FTA on track for June 1 start even as deal with Chile hits hurdles, says Commerce Minister
The India-Oman Comprehensive Economic Partnership Agreement (CEPA), signed in December 2025, is on track to come into force from June 1, 2026, following Oman...
India launches new IFAD-backed programme to boost rural incomes and climate resilience
The Government of India and the International Fund for Agricultural Development (IFAD) jointly launched the Country Strategic Opportunities Programme (COSOP)...
New Income Tax law aims to build transparent, tech-driven ecosystem for taxpayers: Official
The Income Tax Act, 2025, came into force on April 1, 2026, replacing the Income Tax Act, 1961, which had governed direct taxation in India for over six deca...
CEA Nageswaran says West Asia crisis a balance of payments stress test; to impact CAD, inflation & exchange rate
The Chief Economic Advisor (CEA) V. Anantha Nageswaran described the West Asia conflict as a "live balance of payments stress test" for India, with direct im...
China urges WTO to set up panel in case against India's support measures for solar, IT sectors
China formally requested the World Trade Organization's Dispute Settlement Body (DSB) to establish a panel to adjudicate its complaint against India's suppor...
Govt eyes new employment blueprint after labour code rollout
The central government has fully operationalised the four new Labour Codes by publishing all necessary rules, completing the rollout that began with legal co...
Insurance pool of Rs 13,000 crore for Indian ships
The Union Cabinet approved the creation of the Bharat Maritime Insurance Pool (BMIP) with an estimated coverage capacity of approximately ₹13,000 crore (USD ...
Kharif reset: Farmers may ditch paddy and maize for soybean, pulses amid monsoon fears
As the kharif 2026 sowing season approaches, farmers across central India are shifting away from paddy and maize towards oilseeds (particularly soybean) and ...
RBI cancels the licence of Sarvodaya Co-operative Bank Ltd., Mumbai
The Reserve Bank of India cancelled the banking licence of Sarvodaya Co-operative Bank Ltd., Mumbai, with effect from the close of business on May 12, 2026. ...
PM Modi’s five-nation tour to UAE and Europe begins May 15; energy security, innovation in focus
India's Prime Minister will undertake a five-nation tour from May 15 to 20, 2026, covering the UAE, Netherlands, Sweden, Norway, and Italy — a diplomatic pus...
States’ interest-free capex loans to be linked to renewable energy adoption
The central government announced that a significant portion of the Rs 2 lakh crore allocated for 50-year interest-free capital investment loans to states wil...
PM Modi’s UAE visit to focus on India’s energy security: MEA
The Prime Minister is scheduled to visit Abu Dhabi on May 15, 2026, as the first stop on a five-nation tour (UAE, Netherlands, Sweden, Norway, Italy; May 15–...
IMD unveils weather model to provide ‘block level’ forecast of monsoon journey
The India Meteorological Department (IMD) unveiled an AI-enabled block-level monsoon onset forecast model on May 12, 2026 — the first of its kind in India — ...
India has adequate stocks of fuel supply, but OMC losses could hit ₹1 lakh cr: Minister of Petroleum and Natural Gas
The Ministry of Petroleum and Natural Gas confirmed that India holds approximately 60 days of crude oil supply, 60 days of LNG inventories, and 45 days of LP...
Foreign investors eye co-investment deals in India’s infrastructure sector: NIIF CEO
Foreign institutional investors — including sovereign wealth funds, global pension funds, and private equity firms — are increasingly exploring co-investment...
Gold imports surge in India: An explainer
India's gold imports reached an all-time high of USD 71.98 billion in FY 2025–26 — a 24% increase in value over the previous year — though the volume dipped ...
Quality standards key to manufacturing push; toy sector turned net exporter after QCOs: Consumer Affairs Secretary Nidhi
Senior officials and industry experts have highlighted the toy sector's transformation into a net exporter as a model case study for how mandatory quality st...