Economics
Trade, fiscal policy, banking, agriculture and economic indicators
FM Nirmala Sitharaman reveals petrol & diesel excise duty cut will hit govt revenues by ₹1 lakh crore
The Finance Ministry confirmed that the excise duty cuts on petrol and diesel announced in March 2026 will result in a revenue loss of approximately ₹1 lakh ...
West Asia crisis likely to push fertilizer subsidy beyond ₹3 lakh crore in FY27
The ongoing West Asia crisis has sharply driven up global prices of fertilizer raw materials — particularly urea (approaching $700 per tonne) and DAP (Diammo...
Fertiliser subsidy expected to exceed ₹3 lakh crore in FY27 if geopolitical tensions continue
India's fertiliser subsidy expenditure for FY2026-27 could exceed ₹3 lakh crore if geopolitical tensions in West Asia continue to disrupt global fertiliser s...
Fuel prices up ₹7.5 in 10 days after fourth hike by ₹2.8 per litre
Petrol and diesel retail prices have been revised upward four times in approximately ten days, resulting in a cumulative increase of around ₹7.50 per litre f...
India's wheat procurement surges past 34 million tonnes, bolsters food buffers
Wheat procurement under the Rabi Marketing Season (RMS) 2026-27 crossed 34 million tonnes, nearing the revised target of 34.497 million tonnes — a record sur...
RBI ready to do 'whatever is required' to curb rupee volatility: Sanjay Malhotra
The Reserve Bank of India's Governor has stated that the central bank is prepared to take all necessary steps to curb excessive volatility in the rupee excha...
India to strengthen EV shield against oil imports with fresh subsidies: Report
The government is set to significantly increase subsidies for electric two-wheelers under the PM E-Drive scheme, with the Ministry of Heavy Industries propos...
RBI to examine role of quantum technology in strengthening financial sector
The Reserve Bank of India announced the formation of the Q-SAFE expert committee to examine how quantum technology can both strengthen and threaten India's f...
WAsia crisis: FM urges focus on Fuel, Fertiliser, Forex; hits out at critics for peddling pessimism
Addressing SIDBI's 37th Foundation Day (May 25, 2026, Mumbai), the Finance Ministry formally articulated the "3Fs" policy response framework — Fuel, Fertilis...
The three Fs that Sitharaman flagged as India braces for a widening global oil shock, forex strain
Amid the escalating West Asia conflict, the Finance Ministry outlined India's macroeconomic strategy, centred on the "3Fs" framework — Fuel security, Fertili...
India proposes broad revamp of industrial output index ahead of new series
The Ministry of Statistics and Programme Implementation (MoSPI) has proposed a comprehensive revamp of India's Index of Industrial Production (IIP), the prim...
Evening news wrap: Sitharaman flags concerns over '3Fs' amid Gulf conflict; Bengal govt opens first 'holding centre' & more
The Finance Ministry, speaking at SIDBI's 37th Foundation Day (May 25, 2026, Mumbai), articulated India's primary vulnerabilities from the ongoing West Asia ...
Quantum Secure and Adaptive Financial Ecosystem (Q-SAFE) – Setting up of an Expert Committee
The Reserve Bank of India constituted an eight-member expert committee on May 25, 2026, under the initiative "Quantum Secure and Adaptive Financial Ecosystem...
India’s economy likely ended FY26 on firm footing despite worsening Iran war impact
India's economy closed fiscal year 2026 (April 2025–March 2026) on a stronger-than-expected footing, with Q4 FY26 GDP growth accelerating to 7.8% and full-ye...
Indian Railways’ finances are under strain. Here is how a Supreme Court order could worsen it
On 8 May 2026, a Supreme Court bench of Justices Dipankar Datta and Satish Chandra Sharma ruled that Indian Railways is a "consumer" under the Electricity Ac...
India on an FTA signing spree, but limited utilisation & widening trade deficits temper gains
India has signed or concluded several major trade agreements since 2021, including CEPAs with Mauritius (2021) and UAE (2022), ECTA with Australia (2022), TE...
Marco Rubio in India LIVE: Jaishankar addresses National Day reception at the U.S. Embassy
The US Secretary of State visited India on May 24, 2026, meeting with the External Affairs Minister and the Prime Minister as part of a broader engagement th...
The green strategic partnership: India and Norway chart a sustainable future
An Indian Prime Minister visited Norway for the first time in over 40 years (since 1986), marking a major diplomatic milestone in India-Nordic engagement. In...
Critical minerals, AI, nuclear ties take centre stage as Jaishankar, Rubio review India-US partnership
The External Affairs Minister and the US Secretary of State held comprehensive bilateral discussions in New Delhi on May 24, 2026, covering critical minerals...
Parliamentary panel to discuss impact of West Asia crisis on India’s maritime trade
The department-related Parliamentary Standing Committee on Transport, Tourism and Culture convened on May 25, 2026 to examine the implications of the West As...