Economics
Trade, fiscal policy, banking, agriculture and economic indicators
Cabinet clears two chip plants worth Rs 3,936 crore under ISM; one could be India’s first commercial display facility
The Union Cabinet approved two new semiconductor manufacturing units under the India Semiconductor Mission (ISM), bringing total approved projects to 12 with...
Govt nod to Rs 5,659 cr for five-year mission to increase cotton yield
The Union Cabinet approved ₹5,659.22 crore for the Mission for Cotton Productivity (2026-27 to 2030-31), a five-year targeted programme to reverse stagnation...
Building bridges: On India’s solar generation, battery storage
India's installed solar capacity crossed 150 GW as of March 2026, making it the third-largest solar power producer globally, after China and the United State...
Sugarcane FRP hiked to Rs 365/quintal for 2026-27 season
The Cabinet Committee on Economic Affairs (CCEA) approved the Fair and Remunerative Price (FRP) for sugarcane at Rs 365 per quintal for the 2026-27 crushing ...
Union Cabinet raises sugarcane FRP by ₹10 per quintal
The Cabinet Committee on Economic Affairs (CCEA) approved a Fair and Remunerative Price (FRP) of ₹365 per quintal for sugarcane for the sugar season 2026-27 ...
MoD inks ₹1,476 crore deal with BEL for mobile electronic systems
The Ministry of Defence (MoD) signed a ₹1,476 crore contract with Bharat Electronics Limited (BEL), Hyderabad, for the supply of five Ground-Based Mobile Ele...
Rare earths, PCBs among 40 sub-sectors on FDI fast track
The government has updated the Standard Operating Procedure (SOP) for processing Foreign Direct Investment (FDI) applications from entities with direct or in...
Moody's flags India as most resilient emerging market since 2020
Moody's Investors Service identified India as the most resilient large emerging market (EM) economy since 2020, evaluating performance across four major glob...
Nepal to procure 80,000 tonnes of fertiliser from India as Iran disrupts global supply chains
Nepal's government granted in-principle approval to procure 80,000 tonnes of chemical fertiliser from India on a government-to-government (G2G) basis, compri...
Inflation target can be cut if growth, stable prices persist: RBI deputy governor
India's inflation targeting framework was renewed in March 2026 for the period April 2026 to March 2031, retaining the 4% Consumer Price Index (CPI) target w...
Centre ‘not insulated’ from how states react to Strait of Hormuz crisis: Chief Economic Advisor V Anantha Nageswaran
Chief Economic Advisor (CEA) V Anantha Nageswaran cautioned that the Central government is "not insulated" from how individual states respond to the Strait o...
Amid West Asia war, Cabinet approves Rs 2.55 lakh crore credit guarantee scheme
The Union Cabinet approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 on 5 May 2026, with a government guarantee outlay of ₹18,100 crore, project...
Explained: How a new Central government SOP aims to accelerate FDI for priority sectors
DPIIT issued a detailed Standard Operating Procedure (SOP) on 4 May 2026 to streamline and time-bound the processing of FDI proposals that require government...
Govt issues updated SOPs on FDI proposals fixing 12-week timeline, paperless process
DPIIT has released an updated Standard Operating Procedure (SOP) governing the processing of all FDI proposals that require prior government approval. The he...
Cabinet approves guarantee for ₹2.55 lakh cr credit to MSME, non-MSME, airlines
The Union Cabinet approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 — the fifth edition of the scheme — targeted at businesses facing liquidity...
Govt. approves fifth edition of credit guarantee scheme, extends cover to airlines
The Union Cabinet approved the fifth edition of the Emergency Credit Line Guarantee Scheme (ECLGS 5.0) on 5 May 2026, with a government guarantee outlay of ₹...
South Korea to probe ship fire in Strait of Hormuz, Trump blames Iranian attack
A fire broke out on HMM Namu, a Panama-flagged cargo vessel operated by South Korean shipping company HMM, while anchored in the Strait of Hormuz on May 4–5,...
‘Unacceptable,’ says India after Iran attacks injure 3 Indians in UAE, calls for Hormuz access
Iranian drones struck Fujairah in the UAE, injuring three Indian nationals described as "moderately injured"; approximately 19 missiles and drones were launc...
Indian Cabinet approves ₹5,659 crore for 5-year tenure Cotton Productivity Mission
The Union Cabinet approved the Mission for Cotton Productivity with a total outlay of ₹5,659.22 crore for five years (2026-27 to 2030-31), targeting self-suf...
Piyush Goyal discusses boosting India-Japan economic ties, MSME partnerships with Japanese delegation
The Union Minister of Commerce and Industry met a Japanese parliamentary delegation led by Takayuki Kobayashi, Member of the House of Representatives and Cha...