Economics
Trade, fiscal policy, banking, agriculture and economic indicators
OPEC members increase oil production quota by 188,000 bpd, no word on UAE's withdrawal amid war in West Asia
Seven OPEC+ member nations — Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman — agreed to increase their collective oil production quota by ...
Punjab govt expands Kharif maize scheme to 16 districts
The Punjab government has expanded its Kharif maize cultivation scheme from 6 to 16 districts for the 2026–27 agricultural season, aiming to cover 20,000 hec...
Indore to host meeting of BRICS agriculture ministers in June
Indore, Madhya Pradesh, has been designated as the host city for the BRICS Agriculture Ministers' Meeting, scheduled for June 12–13, 2026, under India's BRIC...
Why did the UAE quit OPEC and OPEC+?
The UAE announced its exit from OPEC and the OPEC+ framework, effective 1 May 2026, citing national interest and the inability of the cartel structure to ade...
OPEC | Cracks in the oil crown
The UAE formally exited OPEC effective May 1, 2026, becoming one of the most significant departures in the cartel's history given that the UAE is among its t...
NITI Aayog gets two new full-time members
Two new full-time members have been appointed to NITI Aayog, taking the total count of full-time members to seven — the highest since the body was constitute...
Plurilaterals without guardrails can fragment trading system: Experts
Trade economists and policy experts warned that the growing use of plurilateral agreements — trade deals negotiated among subsets of WTO members — without ad...
Parliamentary Panels flag ministries’ budget gaps: Funds cut at RE stage, still unspent
Parliamentary Standing Committees have flagged a recurring and systemic pattern across central ministries: funds are cut at the Revised Estimates (RE) stage ...
RBI Governor Malhotra flags rising global economic risks
RBI Governor Sanjay Malhotra flagged rising global economic risks, warning that geo-economic fragmentation driven by tariffs, trade barriers, and industrial ...
India needs supply chain security framework like China, US: Chief Economic Advisor V Anantha Nageswaran
Chief Economic Advisor V. Anantha Nageswaran called for India to develop a formal supply chain security framework modelled on approaches adopted by China and...
FinMin notifies changes in FEMA rules easing FDI for foreign cos with up to 10% Chinese stake
The Finance Ministry's Department of Economic Affairs (DEA) published amendments to the Foreign Exchange Management (Non-debt Instruments) Rules in the Offic...
Finance Ministry notifies FDI easing for foreign firms with up to 10% Chinese stake under FEMA
The Finance Ministry's Department of Economic Affairs (DEA) formally notified amendments to India's FDI framework under the Foreign Exchange Management Act (...
India launches first barrier-less toll system on NH-48 in Gujarat
The National Highways Authority of India (NHAI) launched India's first Multi-Lane Free Flow (MLFF) based barrier-less tolling system at the Choryasi Toll Pla...
DEA eases FDI rules for firms with up to 10% Chinese shareholding under FEMA
Revised FEMA rules shift India's FDI screening from a structural test (nationality of incorporation) to a substantive test (who beneficially owns the investm...
Mazagon Dock buys Colombo Dockyard for ₹452 crore
Mazagon Dock Shipbuilders Limited (MDL), a Government of India defence PSU under the Ministry of Defence, completed the acquisition of a 51% controlling stak...
Crude surge is a price shock, not supply shock for India: CEA Nageswaran
Chief Economic Adviser (CEA) V. Anantha Nageswaran stated that the ongoing surge in crude oil prices is primarily a price shock rather than a supply shock fo...
Medical and Wellness Tourism in India
India's medical tourism market, valued at approximately USD 8.7 billion in 2025, is projected to nearly double to USD 16.2 billion by 2030, according to offi...
FDI easing for foreign cos with up to 10 pc Chinese stake comes into effect
Effective May 1, 2026, overseas companies with Chinese or Hong Kong shareholding of up to 10 per cent (non-controlling, non-beneficial-owner level) may now i...
RBI Governor Malhotra calls for deeper, more efficient financial markets as India shows resilience amid global headwinds
RBI Governor Sanjay Malhotra, in a keynote address at the 25th FIMMDA-PDAI Annual Conference held in Amsterdam, called for the deepening of India's financial...
France seeks enforceable rules in India-EU FTA talks
During the India-EU Free Trade Agreement (FTA) negotiations, France has pushed for enforceable rules on labour standards and sustainable development as bindi...