Economy
Commercial LPG price rises ₹42; ATF for international airlines down 27%
Oil marketing companies have increased commercial LPG prices by Rs 42 per cylinder, while aviation turbine fuel for international airlines has been cut by 27 per cent
 "Commercial LPG price rises ₹42; ATF for international airlines down 27%")
Net GST revenue rises 3.3% in May as import-linked collections stay strong
Net GST revenue rose 3.3 per cent year-on-year in May, supported by strong import-linked collections, while adjusted gross revenue growth stood at 9 per cent
 "Net GST revenue rises 3.3% in May as import-linked collections stay strong")
India's FY26 fiscal deficit at 4.4% of GDP, in line with govt estimates
The deficit was at ₹15.19 trillion ($159.91 billion), or 97.5% of the government's revised estimates presented in February
 "India's FY26 fiscal deficit at 4.4% of GDP, in line with govt estimates")
India's seafood exports hit record $8.46 bn in FY26 amid global headwinds
India exported 19.72 lakh tonnes of seafood worth $8.46 billion in FY26, led by frozen shrimp exports, even as global trade faced inflation, supply disruptions and weak demand
 "India's seafood exports hit record $8.46 bn in FY26 amid global headwinds")
India's April industrial output grows 4.9% in first print of revised series
The quick estimate of the IIP stood at 118.9 in April 2026, up from 113.1 in the corresponding month last year
 "India's April industrial output grows 4.9% in first print of revised series")
India-US trade deal to reflect Washington's tariff changes: Piyush Goyal
Goyal said large parts of the agreement had already been finalised and that discussions were currently focused on a few remaining issues
 "India-US trade deal to reflect Washington's tariff changes: Piyush Goyal")
UP sugarcane payments cross ₹31,000 crore in current crushing season
According to the state government, sugarcane farmers have received payments of about ₹3.27 trillion between 2017 and 2026
 "UP sugarcane payments cross ₹31,000 crore in current crushing season")
India-Oman free trade pact comes into force; exporters set to gain
Oman is India's second-largest trading partner in the Gulf region and serves as a strategic gateway to the wider GCC market through its advanced port infrastructure
 "India-Oman free trade pact comes into force; exporters set to gain")
Indian firms in UK hit record high as turnover tops £105 billion mark
The Grant Thornton-CII-IGF tracker shows India-owned companies in the UK rose to a record 1,912 in 2026 amid growing trade ties after the India-UK free trade pact
 "Indian firms in UK hit record high as turnover tops £105 billion mark")
Commercial LPG prices raised by ₹42; ATF prices for int'l airlines cut 27%
Prices of 5 kg FTL (Free Trade LPG) cylinders have been increased by ₹11, and will cost ₹821.50 in Delhi
GST collections rise 3.2% to ₹1.94 trn in May on strong domestic demand
Gross Central GST (CGST) collection from domestic transactions during the reported month stood at ₹37,397 crore, State GST (SGST) at ₹45,143 crore and Integrated GST (IGST) at ₹51,990 crore
Manufacturing PMI rises to 3-month high in May as demand stays firm
Manufacturing activity expanded at its fastest pace in 3 months in May, supported by stronger domestic demand, while input cost inflation remained elevated amid continued geopolitical uncertainties
 "Manufacturing PMI rises to 3-month high in May as demand stays firm")
Manufacturing PMI hits 3-month high of 55.0 in May on resilient demand
Input cost inflation remained among the strongest seen in the past four years, driven by higher energy, fuel, material, and transportation costs amid the ongoing conflict in West Asia
 "Manufacturing PMI hits 3-month high of 55.0 in May on resilient demand")
Weekly policy watch: RBI MPC, GDP data, US trade talks in focus this week
India's policy calendar this week is packed with the RBI's June review, FY26 GDP data, India-US trade talks, GST numbers, PMI readings and fuel export levy changes
 "Weekly policy watch: RBI MPC, GDP data, US trade talks in focus this week")
Two years of BJP government in Odisha: Industries boom and jobs lag
Infra creation, law & order remain pain points
 "Two years of BJP government in Odisha: Industries boom and jobs lag")
States' mkt borrowing share in deficit funding rises to 76.3% in FY26: RBI
Borrowing programme for 2026-27 would be managed in an orderly manner, keeping in view fiscal deficit goals and evolving market conditions
 "States' mkt borrowing share in deficit funding rises to 76.3% in FY26: RBI")
West Asia conflict fallout: India's GDP growth likely slowed in Q4
India's economic growth likely moderated in the March quarter as supply-chain disruptions and weaker high-frequency indicators tempered momentum, though overall activity remained resilient
 "West Asia conflict fallout: India's GDP growth likely slowed in Q4")
US may spare India from Sec 301 tariffs if deal is concluded by July 24
An official said the two countries are close to finding a solution for several non-tariff barriers
 "US may spare India from Sec 301 tariffs if deal is concluded by July 24")
RBI MPC meet: Status quo on rates likely as West Asia crisis deepens
After three days of deliberations, the six-member Monetary Policy Committee (MPC), headed by RBI Governor Sanjay Malhotra, will announce its decision on June 5
US-Iran talks, oil and Fed signals key drivers for gold this week: Analysts
Speeches from US Federal Reserve officials during the week could significantly influence interest rate expectations and determine the near-term direction for bullion prices, they added
 "US-Iran talks, oil and Fed signals key drivers for gold this week: Analysts")