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UDF's expansive welfare promises in Kerala face scrutiny as high debt, fiscal deficit and limited capital spending raise questions on sustainability

polls, elections, voters, votes

Business Standard

A similar trend is visible in the revenue deficit, as the revised estimates suggest a revenue deficit of 1.94 per cent of GSDP in FY26, up from 1.47 per cent in FY25

Tamil Nadu elections, fiscal deficit, tvk tamilaga vettri kazhagam, joseph vijay chandrasekhar

The party, which is set to return to power in the state, has also pledged to set up one university in each district and appoint more teachers to strengthen the education sector

Himanta Biswa Sarma, Himanta Biswa, Himanta

Assembly election results 2026 HIGHLIGHTS: BJP all set to form government in Assam, West Bengal and Puducherry; TVK sweeps DMK out of power in Tamil Nadu; UDF leads in Kerala

west bengal assembly election results 2026

Mamata Banerjee (L) and Suvendu Adhikari

West Bengal Assembly election results: BJP crosses majority mark with strong gains, while TMC suffers losses as vote share dips and key regions swing towards BJP in 2026 polls

west bengal assembly elections results 2026

BJP Flag, BJP

While the TVK may fall short of the magic figure and would need outside support to form the next govt in Tamil Nadu, 'Thalapathy' Vijay is well on course to be the next CM

Vijay at an election campaign rally for Tamilaga Vettri Kazhagam (TVK)

From Iran diplomacy and artificial intelligence risks to Great Nicobar strategy and Pakistan policy, today's Best of BS Opinion highlights key strategic and economic debates shaping India's outlook

Iran war, India diplomacy, shifting alliances

The United States will withdraw about 5,000 troops from Germany in the next six to 12 months, the Pentagon said Friday, fulfilling President Donald Trump's threat as he clashes with the German leader over the US war with Iran.
Trump had threatened to withdraw some troops from the NATO ally earlier this week after Chancellor Friedrich Merz said the US was being "humiliated" by the Iranian leadership and criticised Washington's lack of strategy in the war.
Pentagon spokesman Sean Parnell said in a statement that the "decision follows a thorough review of the Department's force posture in Europe and is in recognition of theatre requirements and conditions on the ground."
The US has several major military facilities in Germany, including the headquarters for US European Command and US Africa Command, Ramstein Air Base, and Landstuhl Regional Medical Center, the largest American hospital outside the United States.
The number of troops leaving Germany would be 14 per cent of the 36,000 .

US navy, US army, US denfse

Press Trust of India

The US on Friday sanctioned a China-based crude oil terminal operator for importing petroleum products from Iranian entities and warned others of facing the same consequences if they paid a toll to Tehran to cross the Strait of Hormuz.
"The US is taking decisive action to disrupt Iran's illicit oil trade, the Iranian regime's primary revenue streams that fund terrorism and regional destabilization," US Department of State spokesman Tommy Pigott said in a statement.
Pigott said the department sanctioned multiple entities, an individual, and a vessel involved in the trade of Iranian petroleum and petroleum products.
The action targets a China-based petroleum terminal operator - Qingdao Haiye Oil Terminal Co., Ltd. - that has imported tens of millions of barrels of sanctioned Iranian crude oil since February last year.
The US also sanctioned Xingchun Li, a Chinese national and the president of QINGDAO HAIYE, and two vessel management companies  UK-based Thriving Times International an

West Asia, Crude Oil, India oil reserves

A tanker carrying liquefied petroleum gas (LPG) for India has sailed out of the Strait of Hormuz and is now headed towards the country, an official statement said on Sunday.
The Marshall Islands-flagged LPG carrier MT Sarv Shakti, loaded with 46,313 tonnes of LPG and staffed by 20 crew, including 18 Indians, cleared the key shipping chokepoint on May 2 and is expected to reach Visakhapatnam on May 13, it said.
The cargo -- enough to meet half a days requirement of the country -- will partly tide over supply constraints being faced since the start of the West Asia conflict more than two months back.
Ship-tracking data showed its position in Oman Gulf on Sunday evening.
The very large gas carrier has previously made runs between the Persian Gulf and Indian ports, has been chartered by state-owned Indian Oil Corporation (IOC).
Sarv Shakti is the first India-linked tanker to cross the war zone since a weeks-old US blockade of ships tied to Iran began, pushing transits through Hormuz b

Representative Picture

A time-bound, tiered MDR on large commercial UPI merchants, with small merchants and individuals permanently exempted, is in order, and so is revenue allocated to strengthen infra & rural expansion

Unified Payments Interface, UPI, UPI Payment

Wadia Group's Bombay Realty unveils THREE ICC in Dadar, offering premium residences with strong connectivity as demand for luxury housing grows in Mumbai

real estate

Ecstatic BJP workers broke into celebrations in across West Bengal as the party took early lead in the state assembly polls.

Although India is making progress in bringing women entrepreneurs into the formal credit system, most women still lack access to advanced financing like working capital and secured loans.

Even as the US-Iran war rattled global markets, Indian small and midcap stocks have staged a sharp comeback and are now outperforming large caps.

Brent crude has surged to a four-year high of $125 per barrel. But there’s an unexpected twist. Falling spot premiums are cushioning the blow for India’s oil companies.

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