Page 2 - Economy & Policy News

Cabinet approves ₹5,659 crore cotton mission to double yields in 5 years

Cabinet raises sugarcane FRP by ₹10/quintal for 2026-27 season

Private insurers step up commitment to India's new maritime insurance pool

In less than a fortnight of its announcement, private insurers have already committed Rs 1,100 crore to the pool; plans are also afoot to set up an Indian Protection & Indemnity Club

Gujarat HC ruling on ITC denial raises compliance burden for businesses

Gujarat High Court upholds ITC denial for supplier defaults, increasing compliance costs and working capital pressure for businesses across multi-layered supply chains

Cabinet approves ₹23,437 cr rail multi-tracking projects across six states

The Cabinet has cleared Rs 23,437 crore rail multi-tracking projects across six states to enhance connectivity, reduce congestion, and boost freight capacity under PM Gati Shakti

Cabinet clears ₹18,100-cr credit guarantee scheme for aviation, MSMEs

Cabinet clears ₹365/qtl sugarcane FRP, ₹5,659 crore cotton mission

India may consider lower inflation target, narrower band: RBI Deputy Guv

The government, after consultation with the RBI, has notified the inflation target framework for a five year period through March 31, 2031

India most resilient emerging mkt, better placed to manage shocks: Moody's

Stating that India is "better placed" among emerging market sovereigns to manage future global shock, Moody's said it would also enter any future periods of stress with strong and accessible buffers

US naval ops to protect global energy, India's LPG supply: US Treasury secy

Bessent called on Beijing to play a constructive role, particularly ahead of US President Donald Trump's expected meeting with Chinese President Xi Jinping next week

Net direct tax mopup rose 5.12% in FY26 but fell short of RE: CBDT data

Net direct tax collections rose 5.12% in FY26, missing revised estimates as non-corporate tax growth remained flat despite robust corporate tax collections

Central schemes likely to get fresh push after BJP's West Bengal win

The prime example of this is MGNREGA, which has now been replaced by the new Viksit Bharat-Guarantee for Rozgar and Aajeevika Mission (GRAMIN) or VB-G RaM G

Datanomics: One in four Indians still lacks access to safe drinking water

India has improved access to safe drinking water, but one in four people still lack reliable supply, with rural areas and groundwater dependence a key concern

EAC-PM calls for mapping economic vulnerabilities in food, other areas

S Mahendra Dev in an interview with PTI further said the ongoing West Asia conflict highlights the need for a forward-looking approach to risk management

Manufacturing PMI rises to 54.7 in April, cost pressure hits 44-month high

The reading remained above 50, which denotes expansion in activity, while a reading below that signifies contraction

J&K staff integration: EPFO sticks to 2019 cutoff, sparks concern

The proposals also seek to withdraw a decision taken at the 235th CBT meeting in Feb 2024, which had recognised one such promotion, citing the need to maintain consistency with the earlier framework

Net direct tax collection rises 5% to over ₹23.40 trillion in FY26

Gross direct tax collection during the recently concluded fiscal stood at about ₹28.12 lakh crore, up 4.03 per cent from the 2024-25 fiscal

Crude oil prices expected to remain high and volatile, says CRISIL

CRISIL says Brent crude prices may stay elevated amid supply disruptions, geopolitical risks, and constrained flows, revising its FY27 price outlook upward to $90-$95 per barrel

India, Canada begin second round of CEPA trade talks to boost ties

The pact is officially known as the Comprehensive Economic Partnership Agreement (CEPA) and negotiations will cover trade in goods, services, and other mutually agreed policy areas

Govt has no proposal for financial support to state-run fuel retailers

Indian state fuel retailers have raised prices for liquefied petroleum gas for industrial customers and jet fuel rates for foreign carriers

India resumes wheat exports after 4 years, but high prices may curb demand

India, the world's largest wheat producer after China, has allowed exports of the grain this year, lifting a ban on overseas sales imposed in 2022

Weekly policy watch: PMI data, coal gasification push in focus this week

India's economic calendar this week will track factory and services activity alongside a major energy policy push, offering key signals on growth, inflation and industrial strategy