Economics
Trade, fiscal policy, banking, agriculture and economic indicators
RBI invites comments on the draft “Reserve Bank of India (Capital Adequacy) Amendment Directions, 2026”
The Reserve Bank of India released draft amendment directions on May 19, 2026 to align the capital adequacy disclosure requirements of Commercial Banks and S...
India eyes trade pact with Oman amid turmoil, FTA starts June 1
The Comprehensive Economic Partnership Agreement (CEPA) between India and Oman, signed in December 2025, is set to come into force from 1 June 2026, marking ...
Can India’s waste solve its energy crisis? Diving into bioenergy technologies
India's growing energy security concerns have intensified focus on bioenergy technologies that convert agricultural residue, food waste, sewage sludge, and o...
The warning signs in India’s import bill
India's total imports in FY26 stood at approximately $775 billion, with crude oil alone costing over $134 billion — the single largest import item. Gold impo...
US pharma co denied patent on hepatitis C combo therapy
The Indian Patent Office rejected a patent application filed by US pharmaceutical company AbbVie for its hepatitis C combination therapy glecaprevir/pibrenta...
Unlearnt lessons: On India’s inadequate strategic petroleum and gas reserves
With the West Asia crisis disrupting Strait of Hormuz transit and pushing global crude prices higher, India's inadequate strategic petroleum and gas reserves...
Free trade pact by year-end: EU Chief
The India-EU Free Trade Agreement, whose negotiations concluded on 27 January 2026, is targeted for formal signing by the end of 2026, with an operationalisa...
Keeping close watch on supply shock, impact on inflation: RBI Guv Sanjay Malhotra
The RBI Governor stated that the central bank is "keeping a close vigil" on whether the ongoing West Asia conflict-induced supply shock — particularly the oi...
RBI likely to pay a big dividend to Centre
The Reserve Bank of India's Central Board approved a record surplus transfer of ₹2.69 lakh crore (₹2.69 trillion) to the central government for the financial...
India to continue purchasing Russian crude notwithstanding US sanctions
India has formally stated it will continue purchasing Russian crude oil notwithstanding the evolving US sanctions framework, reaffirming that energy security...
‘India buys Russian oil irrespective of US sanctions or waivers’
The Ministry of Petroleum and Natural Gas stated publicly on May 18, 2026 that India's purchases of Russian crude oil are driven entirely by commercial logic...
Fertiliser subsidy bill for FY27 may rise by ₹70,000 crore on West Asia crisis: Official
The Department of Fertilisers has indicated that India's fertiliser subsidy bill for FY 2026-27 may rise by approximately ₹70,000 crore — a roughly 20% incre...
Global rice prices poised to gain on deficit, geopolitical crisis and weather concerns
Global rice prices are projected to rise after a period of post-ban correction, as a confluence of factors — a 5 million tonne projected production deficit, ...
Geopolitics has changed since last India-Nordic Summit, conflicts on agenda for talks: Norwegian envoy
The third India-Nordic Summit convened in Oslo on May 19, 2026, bringing together India and the five Nordic nations — Denmark, Finland, Iceland, Norway, and ...
Iran officially announces new body to manage Strait of Hormuz
Iran's Supreme National Security Council officially announced the creation of the Persian Gulf Strait Authority (PGSA), a dedicated regulatory body to govern...
Govt imposes ₹3 per litre duty on petrol exports, cuts levies on diesel and ATF
Effective 16 May 2026, the government imposed a Special Additional Excise Duty (SAED) of Rs 3 per litre on exports of petrol — the first such levy on petrol ...
From queues to QR codes: A state in India may have found the fix for India’s fertiliser distribution woes
Madhya Pradesh has piloted a QR-code-based fertiliser distribution system aimed at eliminating queues, preventing diversion of subsidised fertilisers, and en...
IISc study says Namma Metro Blue Line can run entirely on solar power
A techno-economic study by researchers at the Indian Institute of Science (IISc), conducted in collaboration with the Bengaluru Metro Rail Corporation Limite...
Palm oil is turning into fuel—and India’s import bill could rise
Indonesia and Malaysia — the world's two largest palm oil producers, together accounting for over 85% of global palm oil supply — are expanding their biodies...
New fuel-efficiency rules, global testing systems could raise car prices, lower mileage
Starting April 1, 2027, India will replace the Modified Indian Driving Cycle (MIDC) testing method with the Worldwide Harmonised Light Vehicle Test Procedure...