May 02, 2026
37 articles published on this date
Fibre-optic drones | The phantom that flies
Fibre-optic first-person view (FPV) drones have emerged as one of the most disruptive technologies on the Russia-Ukraine battlefield and in West Asian confli...
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...
Silence, the court is in session
Justice Yashwant Varma of the Allahabad High Court tendered his resignation to the President of India on April 9, 2026, citing immediate effect — one year af...
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...
Great Nicobar project key for India’s economic growth and military footprint, its opposition will benefit China: Defence veterans
Defence veterans, including a former Air Force chief, publicly backed the Great Nicobar Island development project, calling it vital for India's national sec...
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 ...
Three years on, Manipur remains tense amid ongoing violence
May 3, 2026 marked three years since ethnic violence erupted in Manipur in 2023, triggered by protests against a High Court recommendation to extend Schedule...
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...
‘This is a test message’: India launches new emergency messaging system for citizens
India activated its indigenously developed Cell Broadcast System (CBS) on May 2, 2026, sending a nationwide test alert to mobile phones across all capital ci...
What is SACHET, the alert system that India will use from now in emergencies?
India formally launched SACHET, its integrated disaster and emergency alert platform, in conjunction with the rollout of a nationwide indigenous Cell Broadca...
India tests new emergency messaging system for citizens: How cell broadcast works, why it matters
On 2 May 2026, India's Cell Broadcast System (CBS) was officially launched and a nationwide test alert was broadcast to citizens across all 36 states and Uni...
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...
What is India’s new Cell Broadcast System? Everything you need to know
India launched the Cell Broadcast Alert System (CBS) on 2 May 2026, developed indigenously by the Centre for Development of Telematics (C-DOT) under the Depa...
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...
Two-phase census 2027 in UP to begin in May with 5 lakh personnel deployment
Uttar Pradesh has commenced preparations for Census 2027, to be conducted in two phases — Phase 1 (House Listing and Housing Census) and Phase 2 (Population ...
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...
Finance Ministry notifies 100 pc FDI in insurance sector, amends FEMA Rules
The Finance Ministry published the Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2026 in the Gazette of India on May 2, 2026, ...
NGT order warns of fines to southern States if clean air funds are not utilised
The National Green Tribunal (NGT) has warned all six southern states — Karnataka, Tamil Nadu, Kerala, Andhra Pradesh, Telangana, and Puducherry — of potentia...
Govt eases FDI norms under FEMA for up to 10% Chinese stake
The Department of Economic Affairs (DEA) notified amendments to the Foreign Exchange Management (Non-debt Instruments) Rules, making them effective immediate...
Ex-military officers defend Great Nicobar push, reject Rahul Gandhi’s concerns
Retired senior military officers have publicly defended the strategic rationale for the Great Nicobar Island development project, arguing that its geographic...
DEA notifies FDI easing for foreign cos with up to 10 pc Chinese stake under FEMA
The Department of Economic Affairs (DEA), Ministry of Finance, notified amendments to the Foreign Exchange Management (Non-debt Instruments) Rules, formally ...
India and Ecuador exploring preferential trade deal to boost economic ties
India and Ecuador held high-level discussions in late April 2026, resulting in a roadmap for a Preferential Trade Agreement (PTA) to boost bilateral trade, c...
Operation Sindoor reflected India’s resolve to eliminate terrorism: Rajnath
On the first anniversary of Operation Sindoor, the Defence Minister stated that the operation reflected India's strategic doctrine of zero tolerance for cros...
Shri Rohit Jain appointed as Deputy Governor, Reserve Bank of India
The Government of India appointed Rohit Jain as Deputy Governor of the Reserve Bank of India (RBI), effective May 3, 2026, for a tenure of three years. Rohit...
India’s green energy sector may be hit by power regulator’s stricter performance standards
The Central Electricity Regulatory Commission (CERC) has issued new orders tightening deviation settlement mechanism (DSM) norms for wind and solar power gen...
U.S. approves military sales of over $8.6 billion to West Asia allies
The US State Department approved military sales worth over $8.6 billion to West Asian allies, including Israel, Qatar, Kuwait, and the United Arab Emirates (...
Staff crunch, infrastructure hit NCLT operations, must be addressed: Supreme Court
The Supreme Court of India expressed serious concern about staff shortages and inadequate infrastructure at the National Company Law Tribunal (NCLT), observi...