Economics
Trade, fiscal policy, banking, agriculture and economic indicators
CEA Nageswaran says West Asia crisis a balance of payments stress test; to impact CAD, inflation & exchange rate
The Chief Economic Advisor (CEA) V. Anantha Nageswaran described the West Asia conflict as a "live balance of payments stress test" for India, with direct im...
China urges WTO to set up panel in case against India's support measures for solar, IT sectors
China formally requested the World Trade Organization's Dispute Settlement Body (DSB) to establish a panel to adjudicate its complaint against India's suppor...
Govt eyes new employment blueprint after labour code rollout
The central government has fully operationalised the four new Labour Codes by publishing all necessary rules, completing the rollout that began with legal co...
Insurance pool of Rs 13,000 crore for Indian ships
The Union Cabinet approved the creation of the Bharat Maritime Insurance Pool (BMIP) with an estimated coverage capacity of approximately ₹13,000 crore (USD ...
Kharif reset: Farmers may ditch paddy and maize for soybean, pulses amid monsoon fears
As the kharif 2026 sowing season approaches, farmers across central India are shifting away from paddy and maize towards oilseeds (particularly soybean) and ...
RBI cancels the licence of Sarvodaya Co-operative Bank Ltd., Mumbai
The Reserve Bank of India cancelled the banking licence of Sarvodaya Co-operative Bank Ltd., Mumbai, with effect from the close of business on May 12, 2026. ...
PM Modi’s five-nation tour to UAE and Europe begins May 15; energy security, innovation in focus
India's Prime Minister will undertake a five-nation tour from May 15 to 20, 2026, covering the UAE, Netherlands, Sweden, Norway, and Italy — a diplomatic pus...
States’ interest-free capex loans to be linked to renewable energy adoption
The central government announced that a significant portion of the Rs 2 lakh crore allocated for 50-year interest-free capital investment loans to states wil...
PM Modi’s UAE visit to focus on India’s energy security: MEA
The Prime Minister is scheduled to visit Abu Dhabi on May 15, 2026, as the first stop on a five-nation tour (UAE, Netherlands, Sweden, Norway, Italy; May 15–...
IMD unveils weather model to provide ‘block level’ forecast of monsoon journey
The India Meteorological Department (IMD) unveiled an AI-enabled block-level monsoon onset forecast model on May 12, 2026 — the first of its kind in India — ...
India has adequate stocks of fuel supply, but OMC losses could hit ₹1 lakh cr: Minister of Petroleum and Natural Gas
The Ministry of Petroleum and Natural Gas confirmed that India holds approximately 60 days of crude oil supply, 60 days of LNG inventories, and 45 days of LP...
Foreign investors eye co-investment deals in India’s infrastructure sector: NIIF CEO
Foreign institutional investors — including sovereign wealth funds, global pension funds, and private equity firms — are increasingly exploring co-investment...
Gold imports surge in India: An explainer
India's gold imports reached an all-time high of USD 71.98 billion in FY 2025–26 — a 24% increase in value over the previous year — though the volume dipped ...
Quality standards key to manufacturing push; toy sector turned net exporter after QCOs: Consumer Affairs Secretary Nidhi
Senior officials and industry experts have highlighted the toy sector's transformation into a net exporter as a model case study for how mandatory quality st...
Large companies must ensure timely working capital release of MSMEs: Nageswaran
At the CII Annual Business Summit (May 12, 2026), the Chief Economic Adviser called on large companies to accept invoices from MSMEs promptly and ensure time...
India OMCs face Rs 1 lakh crore losses as fuel price freeze continues
State-owned oil marketing companies (OMCs) — Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL) —...
West Asia crisis a ‘live stress test’ for India’s balance of payments, says CEA V Anantha Nageswaran
The Chief Economic Adviser (CEA) described the West Asia crisis as "not a foreign policy concern that occasionally bleeds into economic planning but a live b...
Halfway to fragile: Why India’s deteriorating macros need strict curbs
India's macroeconomic position deteriorated sharply in the wake of the West Asia conflict, with rising fiscal and current account deficits, a record-low rupe...
IMD to forecast monsoon arrival at block level to help farmers plan sowing
IMD's AI-powered block-level monsoon forecasting system was launched on May 12, 2026, targeting over 3,000 sub-districts (blocks) across 16 states with locat...
China moves WTO against India over solar cells, modules and tech incentives
China filed a formal WTO dispute consultation request against India in December 2025, challenging India's tariff structure and domestic-preference policies f...