Economy
Net household financial savings rise to 7% of GNDI in FY25: RBI report
Net household financial savings increased to 7 per cent of GNDI in FY25 as a sharp decline in financial liabilities outweighed a moderation in gross financial savings
 "Net household financial savings rise to 7% of GNDI in FY25: RBI report")
RBI's forex transaction gains rise 52% to ₹1.69 trillion in FY26
Reports first mark-to-market loss on forward contracts in at least five years
 "RBI's forex transaction gains rise 52% to ₹1.69 trillion in FY26")
Lingering geopolitical tensions may hit loan portfolios: RBI report
RBI warned that the West Asia conflict, rising energy prices and monsoon risks could weigh on India's growth and inflation outlook in the short term
 "Lingering geopolitical tensions may hit loan portfolios: RBI report")
Energy prices, CAD and BoP big priorities, says V Anantha Nageswaran
Chief Economic Advisor V Anantha Nageswaran says managing India's external balances has become critical amid the global energy shock triggered by the West Asia conflict
 "Energy prices, CAD and BoP big priorities, says V Anantha Nageswaran")
India raises Russian crude oil and US gas imports in May, shows data
Imports of Russian crude oil rose to 1.92 million barrels per day till May 28
 "India raises Russian crude oil and US gas imports in May, shows data")
India-US trade deal to be finalised over next few weeks: Sergio Gor
US Ambassador Sergio Gor says India-US trade deal is likely to be finalised in the coming months, with USTR officials set to visit New Delhi next week
 "India-US trade deal to be finalised over next few weeks: Sergio Gor")
$360 bn infra push cuts India's logistics cost to 10% of GDP: Report
India's logistics cost has fallen to 10-10.7 per cent of GDP in FY26 from 13-14 per cent a decade ago, generating annual savings of up to $133 billion, says report
 "$360 bn infra push cuts India's logistics cost to 10% of GDP: Report")
Indian Oil Corp buys 5 million barrels of crude from Africa, West Asia
IOC purchased Angola's Kissanje and Nemba crude for delivery to its Paradip refinery
 "Indian Oil Corp buys 5 million barrels of crude from Africa, West Asia")
RBI to hold rates in June; majority now expect hike by year-end: Poll
Nearly 80 per cent of economists, 44 of 56, in the May 22-29 Reuters poll expected the Monetary Policy Committee to keep the repo rate unchanged at 5.25 per cent on June 5
 "RBI to hold rates in June; majority now expect hike by year-end: Poll")
Companies face tougher investor scrutiny as rupee hits record lows
The rupee has lost about 10 per cent against the dollar over the past 12 months, the worst performance among Asian currencies
Livestock heat stress: Heatwaves test India's dairy and poultry sectors
Rising temperatures are affecting milk yields, poultry growth and farmer incomes, even as companies and farmers invest in heat-resilience measures
 "Livestock heat stress: Heatwaves test India's dairy and poultry sectors")
Japan suspends Indian mango imports after 20 years: What went wrong?
The suspension follows reported deficiencies in fumigation and disinfection protocols at Indian treatment facilities used for export clearance
 "Japan suspends Indian mango imports after 20 years: What went wrong?")
Piyush Goyal assured industry India-US interim agreement is close: USISPF
Goyal also discussed ways to further deepen India-US trade, investment and supply-chain partnerships during the closed-door roundtable interaction on Thursday
 "Piyush Goyal assured industry India-US interim agreement is close: USISPF")
Food, personal care products may get costlier as input costs rise: Report
The report said companies have already increased prices by around 3 per cent to 7 per cent over the past one to two months after their raw material basket costs climbed nearly 10 per cent on average
 "Food, personal care products may get costlier as input costs rise: Report")
India, Canada to avoid sensitive sectors in trade pact talks: Piyush Goyal
The two countries are negotiating a Comprehensive Economic Partnership Agreement (CEPA). The third round of negotiations is underway in Ottawa
 "India, Canada to avoid sensitive sectors in trade pact talks: Piyush Goyal")
India-Oman CEPA set to unlock new export opportunities from June 1
The India-Oman CEPA is expected to diversify exports, boost duty-free access and strengthen India's trade connectivity with GCC markets
 "India-Oman CEPA set to unlock new export opportunities from June 1")
India-Korea to expand CEPA talks on digital trade, supply chains
India and South Korea have expanded CEPA upgrade talks by forming new groups on digital trade, supply chains and strategic industries to address trade imbalances and deepen economic ties
 "India-Korea to expand CEPA talks on digital trade, supply chains")
RBI must let rupee depreciate, avoid rate hikes to tame inflation: Subbarao
In comments that come days ahead of the second meeting of the rate setting panel for FY27, Subbarao said the monetary policy should be used as a "last resort" to defend the exchange rate
 "RBI must let rupee depreciate, avoid rate hikes to tame inflation: Subbarao")
Rare earths to waste management: What changes in new IIP 2022-23 series
MoSPI will launch the new IIP 2022-23 series on June 1, adding rare earths, gas supply, water supply and waste management to better reflect India's changing industrial economy
 "Rare earths to waste management: What changes in new IIP 2022-23 series")
Iran deal may ease oil stress, but won't plug India's capital or AI gaps
While stabilising the currency may help contain the current crisis, India's ability to attract global capital will remain muted
 "Iran deal may ease oil stress, but won't plug India's capital or AI gaps")