Economics
Trade, fiscal policy, banking, agriculture and economic indicators
U.S. trade court rules against Trump’s 10% tariff, but no relief yet for most traders
The US Court of International Trade (CIT) ruled in a 2-1 decision against a 10% global tariff imposed on all US imports, holding that the legal authority inv...
A year after Op Sindoor, China admits to providing ground support to Pakistan
One year after Operation Sindoor, Chinese state television (CCTV) broadcast admissions by Chinese engineers that they were physically present at Pakistani ai...
MGNREGS coverage and workdays fell sharply in 2025–26: LibTech India
A study by LibTech India, a research organisation that monitors rural employment schemes, found a national average decline of 10.4 percent in MGNREGS workday...
EU-Mercosur trade deal enforced amid farmers’ fears of unfair competition
The EU-Mercosur trade agreement provisionally came into effect on 1 May 2026, after approximately 25 years of on-again, off-again negotiations that first beg...
Labour Ministry notifies final rules for the Wage Code & Industrial Relations Code
The Ministry of Labour and Employment notified the final Central Rules under the Code on Wages, 2019 and the Industrial Relations Code, 2020, bringing both c...
India’s Pension Landscape
India's pension system has undergone a significant structural transition over the past two decades — from a fully government-funded defined-benefit scheme to...
MoSPI asks states to shift GSDP base year to 2022-23 for better economic data accuracy
The Ministry of Statistics and Programme Implementation (MoSPI) has directed all States and Union Territories to shift the base year for compiling Gross Stat...
MSME min scheme created 36 L jobs during FY22-26
The Prime Minister's Employment Generation Programme (PMEGP), the flagship self-employment scheme under the Ministry of Micro, Small and Medium Enterprises, ...
Karnataka set to approach SC to implement MGNREGA for this year
The Karnataka government announced its decision to approach the Supreme Court seeking permission to continue implementing MGNREGA for the current financial y...
PM Employment Generation Programme generates 36.33 lakh jobs, helps set up over 4 lakh micro-enterprises in five years
The Prime Minister's Employment Generation Programme (PMEGP) created 36.33 lakh jobs and established 4,03,706 micro-enterprises over the five-year period of ...
Nationwide ban soon on herbicide Paraquat Dichloride over toxicity concerns, health risks
The Central government is preparing to impose a nationwide ban on Paraquat Dichloride, a widely used non-selective contact herbicide, citing documented risks...
Broad-based sector stress drove ECLGS 5.0 rollout, says finance secretary
The Union Cabinet approved the Emergency Credit Line Guarantee Scheme 5.0 (ECLGS 5.0) with a guarantee outlay of ₹18,100 crore, designed to unlock additional...
Parliamentary panel to review domestic output of petroleum products on 15 May
India's Parliamentary Standing Committee on Petroleum and Natural Gas is scheduled to review the domestic production and supply of petroleum products, includ...
India-EU FTA to cover one-third of global trade, impacts 2 billion people: Commerce Ministry
The India-EU Free Trade Agreement, concluded on 27 January 2026 at Hyderabad House in New Delhi after nearly two decades of negotiations, has emerged as a fo...
Karnataka to approach SC seeking permission to continue MGNREGA
The Karnataka Cabinet resolved to petition the Supreme Court for permission to continue implementing MGNREGA within the state after Parliament repealed the l...
Govt issues uniform guideline for measuring states' GDP with revised base year of 2022-23
The Ministry of Statistics and Programme Implementation (MoSPI) released uniform guidelines for all states and Union Territories to compile Gross State Domes...
Understanding inequality in India’s growth story
Standard inequality measures — particularly the consumption-based Gini coefficient — show India's inequality declining, with the coefficient falling from 28....
India's total exports hit record $863 billion in FY26, services surge 8.7%
India's combined merchandise and services exports reached an all-time high of $863.11 billion in FY26 (April 2025–March 2026), growing 4.59% over $825.26 bil...
India-ASEAN to update trade pact by year end; UPI, Vietnam’s payment system to be linked, says PM Modi
India and ASEAN agreed to complete the review of the ASEAN–India Trade in Goods Agreement (AITIGA) by the end of 2026, addressing India's long-standing conce...
12 semiconductor plants approved: Where India’s chip manufacturing mission stands, what’s next
The Union Cabinet on May 5, 2026 approved two more semiconductor manufacturing projects — Suchi Semicon (Surat, Gujarat, ~₹868 crore) and Crystal Matrix (Dho...