Economics
Trade, fiscal policy, banking, agriculture and economic indicators
India’s reservoirs can host 102 GW of floating solar, says first national assessment
The National Institute of Solar Energy (NISE), under the Ministry of New and Renewable Energy (MNRE), released the first comprehensive national assessment of...
India-EU free trade deal to be inked by year-end: Ursula von der Leyen
India and the European Union concluded negotiations on a Free Trade Agreement on January 27, 2026 — ending nearly two decades of on-and-off talks — and confi...
India, Canada agree to conclude free trade pact talks by year-end
On the sidelines of the G7 Summit in France, the Indian Prime Minister met Canadian Prime Minister Mark Carney, committing to conclude Comprehensive Economic...
No dip in grain output in last 2 deficit rain years
Official data shows that India's foodgrain production did not decline in either of the two most recent deficit monsoon years: 2023-24 output was 332.30 milli...
States told to prepare contingency plans for districts likely to face low rainfall during kharif season
Amid the weakest mid-June monsoon position in 11 years, the Union Agriculture Ministry directed all state governments to prepare crop-wise contingency plans ...
CAG asks states to disclose off-budget borrowings in A/Cs
The Comptroller and Auditor General (CAG) of India released its State Finances 2024-25 report in June 2026, revealing that all 28 states posted fiscal defici...
States’ own tax mop-up now contributes more than half in total revenue receipts
States' own tax revenue (SOTR) accounted for more than half of combined revenue receipts in FY 2024-25 — a milestone in states' fiscal self-reliance — reachi...
Centre’s foodgrain reserves at record high as El Nino threatens kharif production
Despite IMD's forecast of a "below normal" monsoon — at 90% of the Long Period Average — the government has set a kharif foodgrain production target of 176.1...
States' liabilities rise to ₹90.5 tn in FY25, many breach fiscal gap limit: CAG
Total liabilities of all 28 Indian states combined reached Rs 90.51 lakh crore (approximately Rs 90.5 trillion) as of March 31, 2025, according to the CAG's ...
Fiscal stress deepens across states as all 28 post deficits in FY25: CAG report
The Comptroller and Auditor General of India released the third edition of its Publication on State Finances 2024-25, covering audited accounts of all 28 sta...
India, Sri Lanka collaborate to strengthen trade interactions through local currency settlement initiatives
A bilateral roundtable on local currency settlement (LCS) was held in Colombo on June 16, 2026, organized by the Indian High Commission, bringing together se...
From Oman to Tanzania: How the Iran war is redrawing India’s trade map
The 2026 Iran war and the closure of the Strait of Hormuz — the chokepoint through which approximately 20% of global petroleum liquids and a large share of I...
States' expenditure rises 131% in 10 yrs on welfare, development: CAG Report
Total expenditure of all Indian states combined rose 131 per cent over the decade from FY 2015-16 to FY 2024-25, increasing from Rs 22.18 lakh crore to Rs 51...
UP, Gujarat, Jharkhand, 10 other states record revenue surplus in FY25: CAG report
According to the CAG's State Finances 2024-25 report, thirteen states recorded revenue surpluses while fifteen states remained in revenue deficit during the ...
US trade advocacy body forms task force on India-US critical mineral cooperation; five priority engagement areas identified
The US India Business Council (USIBC) launched a Critical Minerals Security Taskforce, bringing together 17 major companies from India and the United States,...
US-Iran peace agreement: Energy worries far from over, India keeps fingers crossed
The announcement of a US-Iran peace framework and the impending signing of the MOU on June 19, 2026, triggered an immediate drop in global crude oil prices, ...
Oil prices plunge to 3-month low as US, Iran reach deal to reopen Strait of Hormuz
The United States and Iran announced a landmark framework agreement to end months of hostilities and reopen the Strait of Hormuz, triggering a sharp decline ...
Weak monsoon threat looms; food inflation fears rise
The India Meteorological Department (IMD) revised its 2026 Southwest Monsoon (SWM) forecast to 90% of the Long Period Average (LPA) — classifying the season ...
As US-Iran deal announcement paves way for Hormuz reopening, what lies ahead for India & oil markets
The US-Iran framework agreement to reopen the Strait of Hormuz has triggered a sharp crude oil price decline, with Brent falling approximately 5% to $83/barr...
Indian LNG carrier safely crosses Hormuz, first since US-Iran ceasefire
LNG Carrier *Disha*, operated by a Shipping Corporation of India (SCI)-led consortium and chartered by Petronet LNG Ltd, has safely transited the Strait of H...