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RBI
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28
May
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RBI/2026-27/93
(Delhi)
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL
(Da'esh) & Al-Qaida Sanctions List: Removal of 7 Entries
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28
May
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RBI/DOR/2026-27/94
(Delhi)
Reserve Bank of India (Urban Co-operative Banks - Governance) Amendment Directions, 2026
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28
May
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RBI/DOR/2026-27/95
(Delhi)
Reserve Bank of India (Rural Co-operative Banks - Governance) Amendment Directions, 2026
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INDIAN ECONOMY
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Rajasthan is witnessing a major infrastructure expansion with 81 projects worth Rs 2.72 lakh crore currently under execution, according to the Project Monitoring Group report of the Ministry of Statistics and Programme Implementation. The projects span railways, highways, energy transmission, petroleum, and c...
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India remains engaged with the United States on the ongoing Section 301 proceedings related to forced labour issues, the commerce ministry said on Wednesday, as the two countries continue negotiations on a proposed bilateral trade agreement.
The statement comes after the Office of the United States Trade R...
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A delegation of UK trade officials, led by Secretary of State for Business and Trade Peter Kyle met Commerce Minister Piyush Goyal amid new irritants emerging in the path of operationalising the Comprehensive Economic and Trade Agreement (CETA) between the two countries.
“Had great conversations on charti...
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The US government has proposed an additional tariff of 12.5% on India, even as its trade negotiators are in Delhi for negotiations with their counterparts. The recommendation came from the Office of the US Trade Representative following an investigation into “forced labour” practices in various countries. Mos...
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The Reserve Bank of India‘s bi-monthly Monetary Policy Committee (MPC) meeting will begin on June 3. The three-day meeting will conclude on June 5, with RBI Governor Sanjay Malhotra announcing the key policy decisions. Analysts expect the RBI to pause rather than a hike despite rising inflation risks from hig...
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Economists across CareEdge, Bank of Baroda, and Kotak Institutional Equities warn that the macroeconomic outlook has deteriorated meaningfully since the West Asia conflict began, with a weak, El Nino-hit monsoon and rising fuel costs threatening to compound the strain in the first quarter of FY27.
The grim...
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After more than a decade of preparatory work, the Producer Price Indices (PPI) is finally ready for launch and will be unveiled for the first time along with the revised Wholesale Price Index (WPI) on 15th of June.
The PPI will have three indices – Output PPI, Trial Input PPI and Services PPI. Output PPI a...
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The US has reduced duties on agriculture and construction equipment to 15% from 25% through a proclamation signed by President Donald Trump. The tweaks are, however, expected to have a limited impact on India as its exports of the items that will attract lower duties is less than $ 50 million a year.
The P...
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India’s services sector expanded at its fastest pace in six months in May. The HSBC India Services PMI rising to 59.8 from 58.8 in April amid stronger demand and higher new business inflows.
The HSBC India Composite PMI Output Index, which tracks both manufacturing and services activity, also rose to 59.3...
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A sharp rise in retail petrol and diesel prices since mid-May could add materially to India’s consumer price inflation, Crisil warned, even as the Reserve Bank of India’s Monetary Policy Committee (MPC) may initially look through the supply-side shock. The rating agency estimated the direct impact on the Cons...
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MARKET & FINANCE
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The Reserve Bank of India (RBI) on Tuesday announced a Rs 50,000 crore two-day Variable Rate Repo (VRR) auction, a move aimed at managing short-term liquidity conditions ahead of the central bank's monetary policy review.
The auction will be conducted on June 3 between 9:30 am and 10 am, while the reversal o...
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The Indian central bank likely intervened in the foreign exchange market on Wednesday to limit the rupee's fall, four traders told Reuters, as a rise in crude prices on renewed U.S.-Iran hostilities pressured the South Asian currency.
The rupee was at 95.47 per dollar, down 0.2% on the day.
State-run ba...
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Just as the microfinance sector appears to be emerging from a prolonged asset-quality stress cycle, a weaker monsoon forecast threatens to create fresh challenges. With the India Meteorological Department (IMD) downgrading its southwest monsoon forecast to “below normal” — potentially the weakest in 11 years ...
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GLOBAL CORPORATE
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Canada had a positive meeting with the U.S. on the review of their free trade deal, Canada's minister responsible for Canada-U.S. trade, Dominic LeBlanc, said in Washington on Tuesday, but declined to provide many details.
LeBlanc, who met with U.S. Trade Representative Jamieson Greer along with Canada's c...
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Chinese automakers are expanding in Europe, betting on their competitive pricing and advanced technology to break into a market traditionally dominated by European and American brands, amid a global shift towards electric vehicles.
This expansion has stoked trade tensions between Brussels and Beijing, incl...
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Tesla's Chinese-made electric vehicle sales jumped 39.4% from a year earlier in May, marking a seventh consecutive month of growth as it held its ground against Chinese rivals.
Deliveries of Tesla's Model 3 and Model Y vehicles from its Shanghai plant, including units exported to Europe and other markets,...
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Brazilian President Luiz Inacio Lula da Silva on Tuesday highlighted his country's ties with China after the U.S. proposed a new punitive tariff of 25% on many imports from Latin America's largest economy.
• Lula hailed China's decision earlier in the day to recognize Brazil as free of foot-and-mouth disea...
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Microsoft on Tuesday unveiled a new quantum computing chip that it redesigned with the help of AI, saying it now believes it will have commercially useful quantum machines by 2029.
The new target date puts Microsoft on track to have quantum computers the same year as rival IBM, which last month said it pla...
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Chinese AI startup DeepSeek is set to raise about 50 billion yuan ($7.4 billion) in its first funding round from investors including Tencent Holdings and CATL, people with knowledge of the matter said.
The fundraising could value the company after the investment at between 350 billion yuan and 400 billion ...
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Banking
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The government is set to soon constitute the proposed High-Level Committee on Banking for Viksit Bharat, with the aim of receiving its report within three to four months and initiating a new phase of comprehensive banking sector reforms.
Sources said the terms of reference for the committee are almost read...
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GLOBAL ECONOMY
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Canadian Prime Minister Mark Carney, pressed about statistics showing the country is in a technical recession, on Tuesday told reporters that as the government pressed ahead with reforms "the data will be uneven".
He continued:...
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The largest exchange-traded fund (ETF) tracking U.S. software stocks clocked the biggest single-day buy-in by retail investors on record on Monday, data from Vanda Research showed.
Software stocks have largely recovered their l...
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U.S. job openings increased by the most in five years in April, but the surge likely overstates the labor market's health, as hiring declined against the backdrop of economic uncertainty stemming from the Iran war.
The Job Open...
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Japan's services sector ground to a halt in May after more than a year of expansion, as surging costs linked to the Middle East war dampened service demand and led to a 12-year high in output price inflation, a private survey show...
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Australia's economy slowed in the March quarter as strength in business investment was offset by a drag from trade, data showed on Wednesday, while higher borrowing costs and rising petrol prices cooled consumer demand.
The pul...
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China's services activity expanded at the fastest pace in three months in May, helped by stronger growth in new business and a rebound in overseas demand, though rising cost pressures weighed on firms, a private-sector survey show...
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Russia's services sector contracted in May at its quickest pace since September as weaker demand drove steeper falls in new orders and output, a business survey showed on Wednesday.
The S&P Global Russia Services PMI Business A...
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The global economic outlook hinges on how long the war in the Middle East lasts, with recession in some countries and sharply higher inflation a real possibility if it drags on into next year, the Organisation for Economic Coopera...
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Spain's service sector activity stabilised in May as activity and sales returned to growth after April's decline, a business survey showed on Wednesday.
The S&P Global Purchasing Managers Index for the services sector rose to 5...
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INDIAN CORPORATE
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Godrej Industries Group on Tuesday announced the launch of its wealth management arm, Godrej Wealth, through its subsidiary Godrej Investments. The newly-launched company is targeting assets under management of Rs 1 lakh crore ove...
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Indian beverage startup Archian Foods, best-known for its flagship Lahori Zeera drink, is targeting revenue of Rs 1,150-1,200 crore in FY27 after closing FY26 with sales of Rs 775 crore, co-founder and CEO Saurabh Munjal said in a...
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