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Economics

Trade, fiscal policy, banking, agriculture and economic indicators

May 2026 20 articles
09 09

Labour reforms: Government fully operationalises four new codes by publishing rules

The central government fully operationalised all four new Labour Codes by publishing the final rules required for enforcement, completing a process that bega...

GS Paper 2 (Polity & Governance) GS Paper 3 (Indian Economy) Economics Polity & Governance Social Issues 4m
09 09

Tariffs and rare earths: Lula da Silva positions Brazil as a global player in U.S. visit

Brazil's President Luiz Inácio Lula da Silva visited Washington in May 2026 for discussions with the US administration covering trade tariffs, critical miner...

GS Paper 2 (International Relations Bilateral Relations) GS Paper 3 (Indian Economy Resources) International Relations Economics Geography 6m
09 09

Centre tightens labour law compliance for contract workers, links violations to blacklisting

The central government has issued binding directives tightening labour law compliance specifically for contractors engaged by government establishments, link...

GS Paper 2 (Governance) GS Paper 3 (Indian Economy) Economics Polity & Governance 4m
09 09

Aggregators to be charged interest at 12% per annum if they fail to contribute toward social security of their gig workers

Under the rules notified for the Code on Social Security 2020, aggregator platforms that fail to make timely social security contributions for their gig and ...

GS Paper 2 (Social Justice) GS Paper 3 (Indian Economy) Economics Social Issues Polity & Governance 4m
09 09

PMJJBY, PMSBY settle claims worth Rs 25,160 cr since their launch in 2015

The three Jan Suraksha schemes — Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY)...

GS Paper 2 (Welfare Schemes) GS Paper 3 (Inclusive Growth) Economics Social Issues Polity & Governance 4m
09 09

Labour reforms: Govt fully operationalises four new codes by publishing rules

The Union Government fully operationalised four new labour codes by notifying all accompanying rules, completing a reform process that had been underway for ...

GS Paper 2 (Governance Social Justice) GS Paper 3 (Indian Economy) Economics Polity & Governance Social Issues 4m
09 09

Finance ministry links government procurement with labour law compliance

The Procurement Policy Division of the Department of Expenditure, Ministry of Finance, issued an Office Memorandum on May 8, 2026, directing all central mini...

GS Paper 2 (Governance) GS Paper 3 (Indian Economy) Economics Polity & Governance Social Issues 4m
09 09

Govt land transfer code set up to pare disputes, boost monetisation

The Department of Expenditure, Ministry of Finance issued an Office Memorandum (No. 15(04)/2021-E.II(A)) dated May 5, 2026, introducing consolidated guidelin...

GS Paper 2 GS Paper 3 Polity & Governance Economics 5m
08 08

India didn’t discover ethanol in crisis — It prepared for it

India achieved 20% ethanol blending in petrol (E20) in 2025, roughly five years ahead of the original 2030 target set under the National Policy on Biofuels 2...

GS Paper 3 (Indian Economy Environment) Economics Environment & Ecology 5m
08 08

Indus Waters Treaty: One year since Operation Sindoor, how India and Pakistan have approached deadlock

Following the Pahalgam terrorist attack on 22 April 2025 — in which 26 civilians were killed in Jammu & Kashmir — India placed the Indus Waters Treaty (IWT) ...

GS Paper 2 (International Relations) GS Paper 3 (Water Security) International Relations Geography Economics 4m
08 08

India hopes US-Iran peace deal will sort out sanctions on Chabahar port

The US sanctions waiver that had exempted India's activities at Iran's Chabahar Port expired on 26 April 2026, creating immediate uncertainty over India's de...

GS Paper 2 (International Relations India's Neighbourhood First Policy) GS Paper 3 (Infrastructure Trade Routes) International Relations Economics 4m
08 08

What ails governance in India’s cities? Heart of problem lies in mayor’s office, says NITI Aayog

NITI Aayog released the report "Moving Towards Effective City Government — A Framework for Million-Plus Cities" on April 25, 2026, focused on India's 47 citi...

GS Paper 2 (Local Governance 74th Amendment Urban Bodies) GS Paper 3 (Urbanisation Infrastructure) Polity & Governance Economics 5m
08 08

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...

GS Paper 2 (International Relations) GS Paper 3 (Indian Economy External Sector) International Relations Economics 5m
08 08

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...

GS Paper 2 (IR India's Neighbourhood) GS Paper 3 (Internal Security Defence) Economics 5m
08 08

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...

GS Paper 2 (Social Justice Welfare Schemes) GS Paper 3 (Indian Economy Employment) Economics Social Issues Polity & Governance 5m
08 08

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...

GS Paper 2 (International Relations Trade Blocs) GS Paper 3 (Trade Environment) International Relations Economics Environment & Ecology 4m
08 08

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...

GS Paper 2 (Social Justice Governance) GS Paper 3 (Indian Economy) Economics Polity & Governance 4m
07 07

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...

GS Paper 3 (Indian Economy) GS Paper 2 (Social Justice Government Schemes) Economics Polity & Governance 6m
07 07

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...

GS Paper 3 (Indian Economy) GS Paper 2 (Federalism) Economics Polity & Governance 5m
07 07

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, ...

GS3 (Indian Economy Employment Government Schemes) Economics Social Issues 6m
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