Economics
Trade, fiscal policy, banking, agriculture and economic indicators
Large companies must ensure timely working capital release of MSMEs: Nageswaran
At the CII Annual Business Summit (May 12, 2026), the Chief Economic Adviser called on large companies to accept invoices from MSMEs promptly and ensure time...
India OMCs face Rs 1 lakh crore losses as fuel price freeze continues
State-owned oil marketing companies (OMCs) — Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL) —...
West Asia crisis a ‘live stress test’ for India’s balance of payments, says CEA V Anantha Nageswaran
The Chief Economic Adviser (CEA) described the West Asia crisis as "not a foreign policy concern that occasionally bleeds into economic planning but a live b...
Halfway to fragile: Why India’s deteriorating macros need strict curbs
India's macroeconomic position deteriorated sharply in the wake of the West Asia conflict, with rising fiscal and current account deficits, a record-low rupe...
IMD to forecast monsoon arrival at block level to help farmers plan sowing
IMD's AI-powered block-level monsoon forecasting system was launched on May 12, 2026, targeting over 3,000 sub-districts (blocks) across 16 states with locat...
China moves WTO against India over solar cells, modules and tech incentives
China filed a formal WTO dispute consultation request against India in December 2025, challenging India's tariff structure and domestic-preference policies f...
Coal gasification key to build long-term resilience against global energy shocks: Experts
Experts and industry analysts have highlighted coal gasification as India's most viable near-term hedge against global energy supply shocks, particularly in ...
India gets its UPI for EV charging as Kumaraswamy unveils unified Bharat e-charge
The Unified Bharat e-Charge (UBC) platform was unveiled on May 12, 2026, at a high-level meeting chaired by the Ministry of Heavy Industries in Bengaluru. UB...
On first PM visit to Norway in 4 decades, Modi and hosts to discuss long-term LPG deal
An Indian Prime Ministerial visit to Norway is scheduled for May 18–19, 2026 — the first such visit in 43 years, since the last one in 1983. Bilateral talks ...
Policy planners outline India’s economic response after PM’s call for energy discipline
Following an appeal by the head of government for citizens to conserve fuel, reduce unnecessary foreign travel, avoid gold purchases, and shift to public tra...
India's gold imports: How it impacts our economy | An explainer
India's gold imports rose 24 percent to an all-time high of USD 71.98 billion in 2025-26, up from USD 58 billion in 2024-25, driven overwhelmingly by a sharp...
Planing 500 delegations, outreach to 1,600 industry chambers to boost FTA utilisation: Piyush Goyal
The Ministry of Commerce and Industry has announced a comprehensive FTA utilisation plan: sending 500 trade delegations to FTA partner countries over the nex...
India-Oman FTA likely to come into force from June 1: Piyush Goyal
The India-Oman Comprehensive Economic Partnership Agreement (CEPA), signed in Muscat on December 18, 2025, is expected to come into force on June 1, 2026, ma...
Moody's slashes 2026 India growth forecast to 6%
Moody's Ratings, in its Global Macro Outlook May 2026 update, cut India's GDP growth forecast for calendar year 2026 by 0.8 percentage points to 6 percent, c...
IMD launches two AI-enabled advanced weather forecast systems
The India Meteorological Department launched two advanced AI-powered weather forecasting systems on May 12, 2026, under the Ministry of Earth Sciences. The f...
West Asia crisis a balance of payments stress test, India better placed to navigate: Nageswaran
The Chief Economic Advisor (CEA) described the West Asia conflict as a "live balance of payments stress test," emphasising that its consequences for India's ...
GST Council to explore simplifying procedures, clarify taxation of ride-hailing apps
The GST Council is likely to meet before mid-July 2026 to consider proposals to simplify GST procedures and clarify the taxation of ride-hailing app companie...
Farmers take out rally demanding legal guarantee for MSP
Thousands of farmers under the banner of the All India United Kisan Sabha (AIUKS) held a massive rally in Yellandu town, reiterating the demand for a legal g...
India-US trade talks set for next round, but Section 301 probe remains hurdle
A fresh round of India-US Bilateral Trade Agreement (BTA) talks is expected, with a US trade delegation anticipated to visit for comprehensive discussions co...
End of an era: VB–G RAM G to replace MGNREGA on July 1 as Centre notifies rollout
The Central Government has officially notified the rollout date for the Viksit Bharat–Guarantee for Rozgar and Ajeevika Mission (Gramin) Act, 2025, commonly ...