Economics
Trade, fiscal policy, banking, agriculture and economic indicators
India, Italy upgrade ties | Special strategic partnership announced: Trade to corridor, defence to ports
India and Italy elevated their bilateral relationship to a Special Strategic Partnership on May 20, 2026, during a summit in Rome — the highest level of bila...
Expert Explains | How UAE’s exit from OPEC presents an opportunity for India’s strategic petroleum reserves
The United Arab Emirates announced its withdrawal from OPEC and the broader OPEC+ alliance, effective May 1, 2026 — the most significant defection in the car...
PM Modi conferred Food and Agricultural Organisation's highest honour, Agricola Medal, for contribution to global food security
The FAO Agricola Medal — the Food and Agriculture Organization's highest honour — was conferred on India's head of government at a ceremony held at FAO headq...
Why CEA Anantha Nageswaran says India is facing a ‘Live Balance of Payments Stress Test’
The Chief Economic Advisor described the ongoing West Asia crisis as a "live balance of payments stress test" for India, with direct implications for inflati...
Competition Commission of India says it won’t allow ‘winner-takes-all tyranny’ of Big Tech firms in digital markets
The Competition Commission of India (CCI) publicly stated it will not permit dominant technology firms to create a "winner-takes-all" ecosystem in India's di...
Standards for fuel blends up to E30 notified
The Bureau of Indian Standards (BIS) notified standard IS 19850:2026 on 15 May 2026, prescribing technical specifications for E22, E25, E27, and E30 petrol b...
More than 8,800 cases admitted under IBC, creditors realise over Rs 4.11 lakh cr till Dec 2025
By December 2025, more than 8,800 corporate insolvency resolution cases had been admitted under the Insolvency and Bankruptcy Code (IBC), 2016. Creditors hav...
US extends sanctions waiver for Russian crude again: The move, its impact on India explained
The US Treasury Department's Office of Foreign Assets Control (OFAC) issued General License No. 134C on May 18, 2026, extending the sanctions waiver for Russ...
U.S.-China: A temporary truce
Following the May 14, 2026 Trump-Xi summit in Beijing, the United States and China announced a partial trade deal involving agricultural purchases, rare eart...
RBI set to pay government record dividend to cushion war shock
The Reserve Bank of India (RBI) is expected to transfer a record dividend (surplus) to the central government for the fiscal/accounting year 2025-26, anticip...
G7 Finance Ministers explore responses to Iran war fallout
G7 Finance Ministers and Central Bank Governors met in Paris on 18–19 May 2026 under France's G7 presidency, with the Iran war's economic fallout as a centra...
India-EU FTA: Quality compliance must for Indian exporters but trade restrictiveness can be challenged
The India-EU Free Trade Agreement (FTA) was concluded on 27 January 2026, ending nearly two decades of on-again, off-again negotiations; the provisional text...
National security linked to economic growth; strategic self-reliance a must: Gen. Dwivedi
At a seminar titled 'Security to Prosperity', organised by the Centre for Land Warfare Studies on May 19, 2026, the Chief of Army Staff articulated a new str...
Waiver or no waiver, Russian crude remains centrepiece of India’s oil imports strategy
Despite US pressure and punitive tariffs, Russian crude oil continues to be a core pillar of India's oil import strategy, though its share has moderated from...
India-EU FTA built on 20 key pillars, to boost trade, investment: Commerce Ministry official
Darpan Jain, Additional Secretary in the Department of Commerce and Industry, outlined the 20 key pillars (chapters) of the India-EU Free Trade Agreement at ...
India's CAD projected to rise to 2.2% of GDP amid oil pressures: Crisil
Crisil, a leading credit rating and research agency, has projected India's current account deficit (CAD) to widen to 2.2% of GDP in FY27 — up sharply from an...
Maharashtra signs 25,400 MW nuclear MoUs, triple India’s existing atomic capacity
Maharashtra signed Memorandums of Understanding with four major private conglomerates — Reliance Industries, Adani Power, NTPC Ltd, and Lalitpur Power Genera...
India notifies standards for petrol with up to 30% ethanol amid energy crisis
The Bureau of Indian Standards (BIS) has notified fuel specifications for petrol blended with up to 30% ethanol, establishing standard IS 19850:2026, which c...
Iran war to slow down India’s FY27 economic growth: rating agencies
Multiple rating agencies have revised India's FY27 GDP growth forecasts downward, citing the ongoing Iran war and its impact on global crude oil prices. Bren...
India-EU trade pact to help boost domestic auto manufacturing: Senior official
India and the European Union concluded negotiations for a landmark Free Trade Agreement on January 27, 2026, after nearly two decades of diplomatic effort. A...