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Economy Short News


India Becomes the World’s Third-Largest Domestic Aviation Market
India has secured its position as the third-largest domestic civil aviation market globally , highlighting the remarkable expansion of the country’s aviation sector over the last decade. Speaking at a seminar organised by the Directorate General of Civil Aviation (DGCA) under the Ministry of Civil Aviation , Civil Aviation Secretary Samir Kumar Sinha highlighted the scale of this growth. He noted that India’s aircraft fleet has more than doubled , increasing from 395 aircra
Dec 21, 20252 min read


Government Invites Citizens’ Inputs for Union Budget 2026–27
The Union Government has opened the process of public consultation for the Union Budget 2026–27 , inviting citizens to share their ideas and suggestions ahead of its presentation in February. This initiative is aimed at ensuring that the upcoming budget reflects the expectations, priorities, and aspirations of the people , while also supporting inclusive economic growth and long-term national development . Members of the public, including stakeholders from various sectors, ca
Dec 20, 20251 min read


Old Packaging Allowed Till March 2026: Govt Eases Legal Metrology Rules After GST Rate Cut
The revised advisory under the Legal Metrology (Packaged Commodities) Rules, 2011, provides flexibility to industries while safeguarding...
Sep 19, 20253 min read


Minimum Support Price (MSP) for 22 Crops in India 2025–26
The Government of India has announced the Minimum Support Prices (MSPs) for 22 mandated crops for 2025–26. This article provides the latest MSP updates, procurement figures, and the number of farmers benefitted, along with details of major support schemes such as PM-KISAN, PM Fasal Bima Yojana, Modified Interest Subvention Scheme (MISS), and Agriculture Infrastructure Fund (AIF). It explains how these measures strengthen farmer incomes, and reduce financial risks.
Aug 19, 20253 min read


India Removes 11% Import Duty on Cotton Until 30th September 2025
In a major relief to the textile sector, the Government of India has removed 11% import duty on raw cotton, effective from 19th August to 30th September 2025. This includes the scrapping of Basic Customs Duty, AIDC, and Social Welfare Surcharge to curb high domestic cotton prices, reduce input costs, and boost export competitiveness.
Aug 19, 20252 min read


Assam Revives River Trade: National Waterway-57 Becomes Operational After a Decade
In a landmark move, Assam reactivates river-based freight transport with the operationalisation of National Waterway-57 (River Kopili). The MV VV Giri vessel carried 300 MT of cement on a 300-km route, marking a pivotal shift toward eco-friendly and cost-effective logistics. This development adds to Assam's growing 1,168 km of navigable waterways and aligns with Maritime India Vision 2030 and PM Gati Shakti goals.
Aug 3, 20252 min read


Bangladesh’s First National MPI
Bangladesh’s first National Multidimensional Poverty Index (MPI) reveals that 28.9% of children are trapped in multidimensional poverty—significantly higher than adults. With education, health, and living conditions identified as key drivers, the report underscores the urgent need for targeted policy action, especially in rural and eastern districts like Bandarban and Sylhet.
Aug 1, 20253 min read


World’s Largest Grain Storage Plan in Cooperative Sector
The Government of India has launched the World’s Largest Grain Storage Plan in the Cooperative Sector to address the storage deficit, empower PACS, and boost rural livelihoods. This initiative involves infrastructure development, digitalization, and expansion of cooperatives across villages, aiming for nationwide transformation by 2026.
Jul 23, 20254 min read


Cabinet Approves PM Dhan Dhanya Krishi Yojana to Transform 100 Agri-Districts
In Budget 2025, FM Nirmala Sitharaman unveiled the Pradhan Mantri Dhan Dhanya Krishi Yojana, targeting 100 low-productivity districts to boost agriculture and credit access. Complemented by a Rural Resilience Programme, Mission Pulses, and new credit scoring for SHGs, these reforms aim to transform rural India through convergence, sustainability, and innovation.
Jul 16, 20253 min read


India Eyes US-Style Trade Deal as Trump Unveils 19% Tariff Pact with Indonesia
US President Donald Trump announced a 19% tariff trade deal with Indonesia, securing major purchases of energy, agriculture, and aircraft. He revealed India is working on a similar pact, though it remains unclear if New Delhi will accept comparable terms. With an August 1 deadline approaching, Trump warned of steep tariffs on countries like India and others purchasing Russian energy, as the US aggressively reshapes global trade with tariffs and executive actions.
Jul 16, 20253 min read


India’s UPI Goes Global: NPCI Expands Digital Payment Footprint in UAE
India's Unified Payments Interface (UPI) is now live in the UAE, offering seamless real-time transactions in Indian Rupees for millions of travelers and residents. With partnerships across leading UAE financial institutions, NPCI is powering the next phase of global digital payment innovation.
Jul 13, 20253 min read


India Leads the World in Fast Payments with UPI: IMF Report Highlights 18 Billion Monthly Transactions
India is now the fastest in the world for retail digital payments, with UPI processing over 18 billion transactions monthly, as per the IMF. The report attributes this success to UPI's real-time, interoperable infrastructure and its ability to reduce cash dependency across the country.
Jul 11, 20253 min read


India’s Mineral Production Grows in FY 2025–26 | Iron Ore, Bauxite, Copper Surge
India reports continued growth in mineral production during FY 2025–26, with iron ore, bauxite, copper, and zinc posting strong gains driven by sector demand.
Jul 4, 20252 min read


RBI bars pre-payment charges on transfer of floating rate loans for individual borrowers
In a move aimed at enhancing transparency and borrower flexibility , the Reserve Bank of India (RBI) has introduced a new regulation...
Jul 3, 20252 min read


Gold prices down marginally, silver up by 0.26%
In the Indian Bullion Market, 24 Karat Gold was trading over a half per cent down at 99,950 rupees per 10 grams, while Silver 999 Fine...
Jun 17, 20251 min read


India's Retail Inflation Drops to 2.82%
India's retail inflation dropped sharply to 2.82% in May 2025 , marking its lowest year-on-year level since February 2019 , according to...
Jun 13, 20252 min read


World Bank Projects Sri Lanka’s Growth to Slow to 3.5% in 2025
Sri Lanka’s economic recovery is expected to lose momentum in 2025, with the World Bank projecting a slowdown in GDP growth to 3.5% ,...
Jun 13, 20252 min read


Centre Approves Procurement of Pulses and Oilseeds for Summer 2025–26
In a major step toward supporting farmers and strengthening India’s food security, the Central Government has approved the procurement...
Jun 13, 20252 min read


Nepal’s forex reserve reaches an all-time high
Nepal’s foreign exchange reserves have reached an all-time high , standing at 18.40 billion US dollars , according to the latest...
Jun 12, 20252 min read


RBI Discontinues Daily VRR Auctions Amid ₹3 Lakh Crore Liquidity Surplus
The Reserve Bank of India (RBI) has discontinued daily Variable Rate Repo (VRR) auctions with immediate effect, citing a significant...
Jun 12, 20251 min read
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