Economy
Centre launches Bhavya scheme to set up 100 industrial parks across country
According to the minister, the Centre expects states to provide a favourable environment to encourage industrial development
 "Centre launches Bhavya scheme to set up 100 industrial parks across country")
Goyal to visit Canada next week to boost FTA talks, attract investments
He said that a series of meetings is in the pipeline with leaders and businesses in Ottawa and Toronto
 "Goyal to visit Canada next week to boost FTA talks, attract investments")
Ahead of nationwide rollout, Centre releases draft rules on VB-G RAM G Act
The draft rules cover grievance redressal, wage payments, transitional provisions and financial arrangements as the Centre prepares to roll out the new rural jobs guarantee framework from July 1
 "Ahead of nationwide rollout, Centre releases draft rules on VB-G RAM G Act")
India seeks advantage over rivals as US trade pact nears finalisation
Goyal said Monday that while the first phase of the deal has been finalized, efforts are underway to ensure India gets preferential access to the US market compared with competitors
 "India seeks advantage over rivals as US trade pact nears finalisation")
India tech giants struggle to recover from $115 billion stock rout
The companies rose to prominence in the late 1990s by helping Western firms solve the Y2K bug, which had threatened computer chaos at the turn of the millennium
 "India tech giants struggle to recover from $115 billion stock rout")
Path being cleared for temporary removal of cotton import duty curbs
Government may temporarily scrap cotton import duty from July to October as textile mills seek relief amid soaring prices and supply concerns
 "Path being cleared for temporary removal of cotton import duty curbs")
Petrol, diesel prices hiked by 87-91 paise; third time since May 15
Prices were hiked by ₹3 a litre on May 15, followed by a 90 paise increase on May 19
 "Petrol, diesel prices hiked by 87-91 paise; third time since May 15")
CNG prices hiked by ₹1; third increase in 10 days amid West Asia conflict
CNG in Delhi now costs ₹81.09 per kg, while prices in Noida, Ghaziabad and Greater Noida have risen to ₹89.70 per kg after the latest revision
 "CNG prices hiked by ₹1; third increase in 10 days amid West Asia conflict")
India eyes next leap in power transmission with 1,150 kV UHV integration
India is planning to integrate a 1,150 kV ultra high voltage transmission system into its power grid to support large-scale renewable energy expansion and long-distance power transfer
 "India eyes next leap in power transmission with 1,150 kV UHV integration")
Goyal discusses ways to boost manufacturing with industry representatives
Piyush Goyal reviews plans to boost domestic manufacturing and reduce imports amid supply chain disruptions linked to the West Asia crisis
 "Goyal discusses ways to boost manufacturing with industry representatives")
Rising crude oil prices a challenge for external sector: RBI's report
RBI warns elevated crude oil prices and supply pressures could fuel inflation risks and strain India's external sector despite resilient growth
 "Rising crude oil prices a challenge for external sector: RBI's report")
Net FDI into India rises sharply to $7.65 billion in FY26: RBI data
Net FDI into India rises sharply in FY26, aided by higher gross inflows and reinvested earnings, though portfolio investment flows remain weak
 "Net FDI into India rises sharply to $7.65 billion in FY26: RBI data")
RBI surplus transfer to govt hits a new high of ₹2.87 trillion in FY26
Contingent risk buffer cut to 6.5% from 7.5%; forex sales aid income growth
 "RBI surplus transfer to govt hits a new high of ₹2.87 trillion in FY26")
Outward remittances slipped 2% to $28.98 billion in FY26: RBI data
India's outward remittances under the Liberalised Remittance Scheme declined in FY26 amid weaker overseas education and international travel spending
 "Outward remittances slipped 2% to $28.98 billion in FY26: RBI data")
West Asia crisis may cost India ₹2.1 trillion: Bank of Baroda economists
Bank of Baroda economists warn rising oil prices and subsidy burden may widen fiscal deficit and weigh on India's growth outlook in FY27
 "West Asia crisis may cost India ₹2.1 trillion: Bank of Baroda economists")
Rupee among Asia's most vulnerable currencies amid crude oil risks
Barclays and MUFG warn the rupee could face further pressure from elevated crude prices, widening deficits and prolonged conflict in West Asia
 "Rupee among Asia's most vulnerable currencies amid crude oil risks")
Goyal on three-day Canada tour from May 25 to speed up Cepa negotiations
The upcoming visit will mark the first minister-level discussions between India and Canada after the signing of the terms of reference for the free trade agreement in March
 "Goyal on three-day Canada tour from May 25 to speed up Cepa negotiations")
India, Cyprus unveil five-year defence roadmap, elevate strategic ties
India and Cyprus elevate ties to a strategic partnership and unveil a five-year defence cooperation roadmap to deepen trade and investment ties
 "India, Cyprus unveil five-year defence roadmap, elevate strategic ties")
Record RBI dividend likely to provide limited fiscal support: Economists
Economists warn of fiscal slippage risks in FY27 despite RBI's record surplus transfer, citing higher subsidy burden and lower revenue growth
 "Record RBI dividend likely to provide limited fiscal support: Economists")
India, Cyprus elevate ties to 'strategic' level; set up joint task force
PM Modi hosted Cyprus President Nikos Christodoulides and the two leaders deliberated on the West Asia crisis as well as the Ukraine conflict