Economics
Trade, fiscal policy, banking, agriculture and economic indicators
Traders begin wheat exports after four-year hiatus on bumper crop
India has resumed wheat exports after a four-year hiatus, with consumer goods conglomerate ITC beginning to load 22,000 metric tonnes of wheat at the Kandla ...
Oil prices subdued after Trump says US plans to help stranded ships cross Strait of Hormuz
Global oil prices remained elevated near $108 per barrel after the US announced "Project Freedom" — a naval operation to guide stranded commercial vessels th...
Centre plans 3.25 mn ha shift to chemical-free farming by FY31
The department of expenditure, in coordination with the agriculture ministry, is drafting a proposal to expand chemical-free farming to 3.25 million hectares...
Indore to host meeting of BRICS agriculture ministers in June
Indore, Madhya Pradesh, will host meetings of the BRICS Agriculture Working Group (AWG) from June 9–11, 2026, followed by the ministerial-level BRICS Agricul...
ADB should step up capital expansion measures, adopt 'more transformational approach': MoS Finance
At the 59th ADB Annual Meeting held in Samarkand, Uzbekistan, India's Minister of State for Finance called for the Asian Development Bank to accelerate capit...
India must map, monitor economic vulnerabilities in energy, food, other areas: EAC-PM chairman
The chairperson of the Economic Advisory Council to the Prime Minister (EAC-PM) has called for India to systematically map and monitor its economic vulnerabi...
India resumes wheat exports after four years but high prices likely to limit demand
India has resumed wheat exports for the first time in four years, with ITC loading 22,000 metric tonnes at Kandla port for shipment to the UAE — the first co...
Rs 51,000 crore worth of materials in India’s e-waste, most slips through the system
India generated 6.2 million tonnes of e-waste in FY2024, but only 10% entered formal recycling channels, leaving the vast majority of the Rs 51,000 crore ($6...
MRAI asks for dedicated ministry for recycling
The Material Recycling Association of India (MRAI) called for the establishment of a central nodal ministry dedicated to the recycling sector, at the Paryava...
India looks to boost LNG tank capacity as Qatar supplies stall
India's largest LNG importer is planning to add seven new storage tanks across three terminals — at Gopalpur (Odisha), Kochi (Kerala), and Dahej (Gujarat) — ...
India to testify at USTR overcapacity probe on May 8
India is scheduled to present its case before the United States Trade Representative (USTR) at a public hearing on May 8, 2026, as part of a Section 301 inve...
Govt has eased FDI norms for foreign cos having small Chinese/Hong Kong stake: An explainer
From May 1, 2026, India has eased foreign direct investment (FDI) rules for foreign companies that have up to 10% Chinese or Hong Kong shareholding, provided...
Services sector drives exports growth, offsets 64% of trade deficit in FY26: Finmin Review
India's services exports crossed the $400 billion mark for the first time in FY26, reaching $418.3 billion — a year-on-year growth of 7.9%. The services sect...
OPEC+ hikes oil production quotas without mentioning UAE pull-out
Seven OPEC+ members — Saudi Arabia, Russia, Algeria, Iraq, Kazakhstan, Kuwait, and Oman — approved a production quota increase of 188,000 barrels per day (bp...
Warming waters, falling yields: Climate change and the future of India’s shrimp industry
Emerging assessments of India's shrimp aquaculture sector indicate that climate change is shifting the primary measure of industry sustainability from output...
Ramagundam integrated coal mine project with 315 MT reserves gets green nod
The Ministry of Environment, Forest and Climate Change (MoEFCC) granted environmental clearance to the Ramagundam Integrated Coal Mine Project, operated by t...
Textile Ministry moves to shield clusters from West Asia gas supply shocks
The Ministry of Textiles has launched an assessment of all major textile and handicrafts clusters across India to evaluate their vulnerability to disruptions...
Cabinet to soon approve ₹37,500 crore incentive scheme to promote coal gasification projects
The Ministry of Coal has prepared a Cabinet note proposing a financial incentive scheme with a total outlay of ₹37,500 crore to promote surface coal and lign...
Will the West Asia war accelerate the age of electricity? Explained in charts
The ongoing US-Iran conflict and the resulting closure of the Strait of Hormuz have triggered an oil price surge from approximately USD 69 per barrel in Febr...
India may take middle path, unlikely to remove import duty on cotton
India is unlikely to eliminate the 11% import duty on raw cotton entirely, but is considering a "middle path" — either a seasonal zero-duty import window in ...