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Economics

Trade, fiscal policy, banking, agriculture and economic indicators

May 2026 20 articles
10 10

India may not sign FTAs, to opt for deeper ties with customs unions in Africa, say officials

India is reconsidering its trade engagement strategy with Africa, choosing not to pursue individual bilateral Free Trade Agreements (FTAs) and instead opting...

GS Paper 2 (International Relations) GS Paper 3 (Indian Economy International Trade) International Relations Economics 4m
09 09

India may ramp up development aid for Africa

India is set to host the 4th India-Africa Forum Summit (IAFS-IV) on 31 May 2026 in New Delhi — the first such summit in 11 years, after IAFS-III was held in ...

GS Paper 2 (International Relations) GS Paper 3 (Economy) International Relations Economics 4m
09 09

Govt tightens labour law norms for timely wages to contract workers, blacklisting on delays

The Procurement Policy Division of the Department of Expenditure, Ministry of Finance, issued an order on May 8, 2026, directing all central ministries, depa...

GS Paper 2 (Polity & Governance Social Justice) GS Paper 3 (Indian Economy) Economics Polity & Governance Social Issues 4m
09 09

A US court has ruled against Trump’s new 10% tariffs. Why this may not be good news

In a 2-1 ruling on May 7, 2026, the US Court of International Trade struck down the Trump administration's 10% blanket import tariff imposed under Section 12...

GS Paper 2 (International Relations Bilateral/Regional Groupings) GS Paper 3 (Indian Economy Effects of Liberalisation) International Relations Economics 4m
09 09

Why India curtailed solar energy during peak summer power demand

India recorded an all-time peak power demand of 256 GW on 26 April 2026, driven by summer heat waves and rising air-conditioning loads. Despite record demand...

GS Paper 3 (Infrastructure: Energy Environment Science & Technology) Economics Environment & Ecology Science & Technology 5m
09 09

India set to bolster trade and strategic ties with Africa at 4th summit meet

The 4th India-Africa Forum Summit (IAFS-IV) is scheduled to be held in New Delhi from 28–31 May 2026, in collaboration with the African Union Commission — th...

GS Paper 2 (International Relations) GS Paper 3 (Economics) International Relations Economics 6m
09 09

Labour reforms: Government fully operationalises four new codes by publishing rules

The central government fully operationalised all four new Labour Codes by publishing the final rules required for enforcement, completing a process that bega...

GS Paper 2 (Polity & Governance) GS Paper 3 (Indian Economy) Economics Polity & Governance Social Issues 4m
09 09

Tariffs and rare earths: Lula da Silva positions Brazil as a global player in U.S. visit

Brazil's President Luiz Inácio Lula da Silva visited Washington in May 2026 for discussions with the US administration covering trade tariffs, critical miner...

GS Paper 2 (International Relations Bilateral Relations) GS Paper 3 (Indian Economy Resources) International Relations Economics Geography 6m
09 09

Centre tightens labour law compliance for contract workers, links violations to blacklisting

The central government has issued binding directives tightening labour law compliance specifically for contractors engaged by government establishments, link...

GS Paper 2 (Governance) GS Paper 3 (Indian Economy) Economics Polity & Governance 4m
09 09

Aggregators to be charged interest at 12% per annum if they fail to contribute toward social security of their gig workers

Under the rules notified for the Code on Social Security 2020, aggregator platforms that fail to make timely social security contributions for their gig and ...

GS Paper 2 (Social Justice) GS Paper 3 (Indian Economy) Economics Social Issues Polity & Governance 4m
09 09

PMJJBY, PMSBY settle claims worth Rs 25,160 cr since their launch in 2015

The three Jan Suraksha schemes — Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY)...

GS Paper 2 (Welfare Schemes) GS Paper 3 (Inclusive Growth) Economics Social Issues Polity & Governance 4m
09 09

Labour reforms: Govt fully operationalises four new codes by publishing rules

The Union Government fully operationalised four new labour codes by notifying all accompanying rules, completing a reform process that had been underway for ...

GS Paper 2 (Governance Social Justice) GS Paper 3 (Indian Economy) Economics Polity & Governance Social Issues 4m
09 09

Finance ministry links government procurement with labour law compliance

The Procurement Policy Division of the Department of Expenditure, Ministry of Finance, issued an Office Memorandum on May 8, 2026, directing all central mini...

GS Paper 2 (Governance) GS Paper 3 (Indian Economy) Economics Polity & Governance Social Issues 4m
09 09

Govt land transfer code set up to pare disputes, boost monetisation

The Department of Expenditure, Ministry of Finance issued an Office Memorandum (No. 15(04)/2021-E.II(A)) dated May 5, 2026, introducing consolidated guidelin...

GS Paper 2 GS Paper 3 Polity & Governance Economics 5m
08 08

India didn’t discover ethanol in crisis — It prepared for it

India achieved 20% ethanol blending in petrol (E20) in 2025, roughly five years ahead of the original 2030 target set under the National Policy on Biofuels 2...

GS Paper 3 (Indian Economy Environment) Economics Environment & Ecology 5m
08 08

Indus Waters Treaty: One year since Operation Sindoor, how India and Pakistan have approached deadlock

Following the Pahalgam terrorist attack on 22 April 2025 — in which 26 civilians were killed in Jammu & Kashmir — India placed the Indus Waters Treaty (IWT) ...

GS Paper 2 (International Relations) GS Paper 3 (Water Security) International Relations Geography Economics 4m
08 08

India hopes US-Iran peace deal will sort out sanctions on Chabahar port

The US sanctions waiver that had exempted India's activities at Iran's Chabahar Port expired on 26 April 2026, creating immediate uncertainty over India's de...

GS Paper 2 (International Relations India's Neighbourhood First Policy) GS Paper 3 (Infrastructure Trade Routes) International Relations Economics 4m
08 08

What ails governance in India’s cities? Heart of problem lies in mayor’s office, says NITI Aayog

NITI Aayog released the report "Moving Towards Effective City Government — A Framework for Million-Plus Cities" on April 25, 2026, focused on India's 47 citi...

GS Paper 2 (Local Governance 74th Amendment Urban Bodies) GS Paper 3 (Urbanisation Infrastructure) Polity & Governance Economics 5m
08 08

U.S. trade court rules against Trump’s 10% tariff, but no relief yet for most traders

The US Court of International Trade (CIT) ruled in a 2-1 decision against a 10% global tariff imposed on all US imports, holding that the legal authority inv...

GS Paper 2 (International Relations) GS Paper 3 (Indian Economy External Sector) International Relations Economics 5m
08 08

A year after Op Sindoor, China admits to providing ground support to Pakistan

One year after Operation Sindoor, Chinese state television (CCTV) broadcast admissions by Chinese engineers that they were physically present at Pakistani ai...

GS Paper 2 (IR India's Neighbourhood) GS Paper 3 (Internal Security Defence) Economics 5m
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