Economics
Trade, fiscal policy, banking, agriculture and economic indicators
Petrol, diesel prices hiked by Rs 3 per litre, covers only part of losses incurred by oil PSUs
Public sector Oil Marketing Companies (OMCs) — Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation...
BRICS foreign ministers condemn Pahalgam attack, voice concerns over rise of tariff measures ‘which distort trade’
BRICS foreign ministers at the New Delhi meeting (May 14–15, 2026) strongly condemned the Pahalgam terror attack — the April 2025 massacre in Jammu and Kashm...
Productivity, not just growth, for Viksit Bharat
A policy analysis published in May 2026 argues that India's high GDP growth rate is insufficient by itself to achieve Viksit Bharat (Developed India) by 2047...
Finance Ministry increases export levy on petrol, reduces that of diesel and ATF
The Finance Ministry, through the Central Board of Indirect Taxes and Customs (CBIC), revised the Special Additional Excise Duty (SAED) on exported petroleum...
Trade, supply chains and economic statecraft
A structural reset in the global trading order — driven by supply chain fragmentation, the retreat from hyper-globalisation, and the rise of geopolitical blo...
GST Tribunal revamps appeal process: Division bench review now mandatory for appeals
The GST Appellate Tribunal (GSTAT) has mandated that all appeals must undergo a screening by a Division Bench before any matter can be assigned to a Single B...
Govt imposes export duty on petrol, cuts levy on diesel, jet fuel exports
The government revised export levies on petroleum products effective May 16, 2026: a Special Additional Excise Duty (SAED) of ₹3 per litre was imposed on pet...
Steel safeguard measure hits India-UK trade pact rollout
India and the UK concluded a Comprehensive Economic and Trade Agreement (CETA) in July 2025 after 14 rounds of negotiations spanning three years; implementat...
Permitted use of fresh borrowings for InvITs where Net Borrowings exceeds forty-nine percent of the value of InvIT assets
The Securities and Exchange Board of India (SEBI) issued a circular on May 15, 2026 (Ref: SEBI/HO/DDHS/DDHS-PoD-2/I/11700/2026) clarifying the permitted uses...
‘We condemn attacks on UAE’, says PM Modi, signs defence cooperation pact
During a brief Abu Dhabi stopover on May 15, 2026, India and the UAE signed a defence cooperation framework agreement and an MoU on strategic petroleum reser...
India-U.K. trade deal hits late-stage ‘sticking points’ just before implementation date
The India-UK Free Trade Agreement (FTA), signed on July 24, 2025, has encountered late-stage "sticking points" just before its planned implementation date. T...
Centre extends bid submissions to June 29 for EV Magnet Manufacturing Scheme
The Centre extended the bid submission deadline to June 29, 2026, for the Rare Earth Permanent Magnet (REPM) Manufacturing Scheme — India's first structured ...
PM Modi’s quick dash to UAE fetches agreements on defence, LPG & strategic petroleum reserves
A brief, last-minute stopover in Abu Dhabi on May 15, 2026 (approximately three hours) yielded three significant agreements between India and the UAE: a Stra...
Hormuz disruption hits 18.4 million barrels daily oil flow, 110 bcm of annual LNG trade
The Strait of Hormuz has been effectively closed since late February 2026 following a US-Israel military conflict with Iran, with the Iranian Revolutionary G...
US team likely to visit India next month for trade talks
A US trade delegation is expected to visit India in June 2026 for trade negotiations, following an Indian delegation's visit to Washington in April 2026. Bot...
Exports clock 5-month high growth of 13.48 pc in April; trade deficit widens to three-month high
India's merchandise exports rose 13.78% year-on-year to USD 43.56 billion in April 2026 — the highest monthly export value in over four years. The surge was ...
India's BRICS trade surges to $416 billion, but widening deficit raises policy imperative ahead of 2026 Summit
India's total trade with BRICS nations reached $416 billion in CY2025, a substantial increase from prior years driven by a surge in imports. However, the goo...
Economists warn fuel, milk price hikes may raise retail inflation by up to 0.42%
State-owned oil marketing companies (OMCs) — Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL) — raised petrol and diesel...
PM Modi in UAE: India signs defence, gas supply and strategic oil reserves pacts with Abu Dhabi
During a bilateral visit to Abu Dhabi, a series of landmark agreements were signed between India and the UAE spanning defence cooperation, energy security, a...
Capital flight and pressure on the rupee
India's external account is under simultaneous stress from capital outflows, a depreciating rupee, rising oil prices, and a widening current account deficit ...