Economics
Trade, fiscal policy, banking, agriculture and economic indicators
European Union paves way to finalise U.S. trade deal and avoid Trump tariff hike
The Council presidency (representing EU member states) and the European Parliament reached a provisional agreement on May 20, 2026, to implement the tariff e...
India’s Evolving Metrology Ecosystem
A government release marked World Metrology Day 2026 (observed annually on May 20), highlighting the evolution of India's legal metrology framework from anci...
India to Host 68th Session of Asian Productivity Organization Governing Body in New Delhi
The 68th Session of the Asian Productivity Organization (APO) Governing Body was held from 20 to 22 May 2026 at Bharat Mandapam, New Delhi, with India servin...
UN cuts India's 2026 GDP forecast to 6.4 pc, still among fastest-growing economies
The United Nations revised India's GDP growth forecast for 2026 downward to 6.4%, from an earlier projection of 6.6%, in its mid-year update to the World Eco...
Citi sees India tightening currency controls to halt Rupee slump
Global financial institutions have assessed that India may introduce additional measures to support the rupee and boost foreign exchange reserves in the comi...
India needs to raise R&D spending to 2 pc of GDP by 2035 to boost manufacturing: Report
A report by CareEdge Ratings identified India's low research and development expenditure — at 0.6-0.7% of GDP — as the primary structural constraint on manuf...
PM Modi conferred Food and Agricultural Organisation's highest honour, Agricola Medal, for contribution to global food security
The FAO Agricola Medal — the Food and Agriculture Organization's highest honour — was conferred on India's head of government at a ceremony held at FAO headq...
Why CEA Anantha Nageswaran says India is facing a ‘Live Balance of Payments Stress Test’
The Chief Economic Advisor described the ongoing West Asia crisis as a "live balance of payments stress test" for India, with direct implications for inflati...
Italy and India set to upgrade ties during PM Modi's visit to Rome
India and Italy elevated their bilateral ties to a "Special Strategic Partnership" during a high-level summit in Rome on May 20, 2026, as part of Prime Minis...
Competition Commission of India says it won’t allow ‘winner-takes-all tyranny’ of Big Tech firms in digital markets
The Competition Commission of India (CCI) publicly stated it will not permit dominant technology firms to create a "winner-takes-all" ecosystem in India's di...
RBI Issues Revised Draft Amendment Directions on ‘Conduct of Regulated Entities in Recovery of Loans and Engagement of Recovery Agents’
The Reserve Bank of India issued revised draft amendment directions on the conduct of regulated entities in the recovery of loans and the engagement of recov...
PM SVANidhi Scheme, PM Mudra Yojana may face loan repayment stress amid West Asia war
Rising fuel prices have emerged as a significant stress factor for small borrowers under PM SVANidhi (PM Street Vendor's AtmaNirbhar Nidhi) and PM Mudra Yoja...
Carmakers push for cheaper high-ethanol fuels, tax breaks for flex-fuel vehicles
Automobile manufacturers have called on the government to lower the price of high-ethanol fuels (E85 and above) and extend tax incentives for flex-fuel vehic...
India reviews curbs on non-essential imports to support rupee, boost local manufacturing
India initiated a review of restrictions on non-essential imports as part of measures to shore up foreign exchange reserves and support the rupee, which touc...
Centre firms up new land-transfer norms to help public asset monetization
The Department of Expenditure under the Ministry of Finance issued an Office Memorandum (O.M. No. 15(04)/2021-E.II(A)) dated May 5, 2026, amending Rules 309 ...
Centre Bets Big on Brahmaputra as Economic Lifeline: Union Minister Sarbananda Sonowal
The Ministry of Ports, Shipping and Waterways is scaling up efforts to transform the Brahmaputra river — designated National Waterway 2 (NW-2) — into an inte...
Ministry of MSME’s TEAM Initiative Empowering Small Businesses across India through Digital Commerce Enablement
The Ministry of Micro, Small and Medium Enterprises is scaling up the Trade Enablement and Access to Market (TEAM) Initiative — a sub-scheme under the World ...
DFS organises Half-Day Workshop on Insolvency and Bankruptcy (Amendment) Act, 2026
The Department of Financial Services (DFS), Ministry of Finance, organised a half-day workshop on the Insolvency and Bankruptcy (Amendment) Act, 2026 in New ...
Standards for fuel blends up to E30 notified
The Bureau of Indian Standards (BIS) notified standard IS 19850:2026 on 15 May 2026, prescribing technical specifications for E22, E25, E27, and E30 petrol b...
Amid soaring temperatures, India successfully meets record peak power demand of 260.45 GW
India successfully met a record peak power demand of 260.45 GW on May 19, 2026, surpassing the previous record of 257.37 GW set just one day earlier — achiev...