Economics
Trade, fiscal policy, banking, agriculture and economic indicators
Centre extends bid submissions to June 29 for EV Magnet Manufacturing Scheme
The Centre extended the bid submission deadline to June 29, 2026, for the Rare Earth Permanent Magnet (REPM) Manufacturing Scheme — India's first structured ...
PM Modi’s quick dash to UAE fetches agreements on defence, LPG & strategic petroleum reserves
A brief, last-minute stopover in Abu Dhabi on May 15, 2026 (approximately three hours) yielded three significant agreements between India and the UAE: a Stra...
Hormuz disruption hits 18.4 million barrels daily oil flow, 110 bcm of annual LNG trade
The Strait of Hormuz has been effectively closed since late February 2026 following a US-Israel military conflict with Iran, with the Iranian Revolutionary G...
US team likely to visit India next month for trade talks
A US trade delegation is expected to visit India in June 2026 for trade negotiations, following an Indian delegation's visit to Washington in April 2026. Bot...
Exports clock 5-month high growth of 13.48 pc in April; trade deficit widens to three-month high
India's merchandise exports rose 13.78% year-on-year to USD 43.56 billion in April 2026 — the highest monthly export value in over four years. The surge was ...
India's BRICS trade surges to $416 billion, but widening deficit raises policy imperative ahead of 2026 Summit
India's total trade with BRICS nations reached $416 billion in CY2025, a substantial increase from prior years driven by a surge in imports. However, the goo...
Economists warn fuel, milk price hikes may raise retail inflation by up to 0.42%
State-owned oil marketing companies (OMCs) — Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL) — raised petrol and diesel...
PM Modi in UAE: India signs defence, gas supply and strategic oil reserves pacts with Abu Dhabi
During a bilateral visit to Abu Dhabi, a series of landmark agreements were signed between India and the UAE spanning defence cooperation, energy security, a...
Capital flight and pressure on the rupee
India's external account is under simultaneous stress from capital outflows, a depreciating rupee, rising oil prices, and a widening current account deficit ...
India bans sugar exports till September to stabilise domestic prices
The Directorate General of Foreign Trade (DGFT) amended the export policy for sugar — covering raw sugar, white sugar, and refined sugar — from "restricted" ...
Sugar export ban to free up 4-5 lakh tonne for domestic use
The sugar export ban, effective May 13, 2026, is projected to retain approximately 4–5 lakh tonnes (400,000–500,000 metric tonnes) of sugar within the domest...
Iran’s Araghchi listening, Jaishankar calls for safe Hormuz transit
Iran's Foreign Minister Abbas Araghchi arrived in New Delhi for a three-day official visit — the first high-level diplomatic engagement from Tehran since the...
Why Modi government has banned sugar exports: 3 reasons
The Indian government, through the Directorate General of Foreign Trade (DGFT), imposed a complete ban on the export of raw, white, and refined sugar until 3...
Govt confirms safe passage of 2 LPG tankers through Strait of Hormuz; 14-member crew rescued as Indian vessel sinks
The Ministry of Ports, Shipping and Waterways confirmed that two LPG carrier vessels carrying cargo owned by Indian Oil Corporation (IOC) safely transited th...
$1 trillion exports target for this year: Piyush Goyal
The Union Commerce and Industry Minister announced at the Bharatiya Vyapar Mahotsav that India is targeting $1 trillion in exports (goods plus services) for ...
India bans sugar exports with immediate effect to cool domestic prices
The Ministry of Commerce and Industry, through the Directorate General of Foreign Trade (DGFT), issued a notification shifting sugar exports from "restricted...
Lavrov, Jaishankar discussed trade, sustainable currency, logistics: Russian Embassy
India's External Affairs Minister and Russia's Foreign Minister held bilateral talks in New Delhi on the sidelines of the BRICS Foreign Ministers' Meeting, r...
FSDC-SC reviews key global and domestic macroeconomic developments
The Sub-Committee of the Financial Stability and Development Council (FSDC-SC) convened a meeting at the Reserve Bank of India (RBI), Mumbai, chaired by the ...
India re-included in list of countries that can export aquaculture products to EU from September 2026
India was included in a revised draft list published by the European Union on May 12, 2026, authorising continued export of Indian aquaculture products to th...
Geothermal energy could unlock 450 GW electricity potential in India: report
A joint report by Project InnerSpace and the Council on Energy, Environment and Water (CEEW), titled "The Future of Geothermal in India," identifies India's ...