Economy — current affairs

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Ammonium Sulphate Fertilizer: ICAR Urea Alternative for Paddy

Ammonium Sulphate Fertilizer: ICAR Urea Alternative for Paddy

Why in news? India’s farming community faced a shortage of urea in May 2026. In response, the Indian Council of Agricultural Research (ICAR) urged s...

RAINMUMBAI: NCDEX Weather Derivative Contract & Hedging

RAINMUMBAI: NCDEX Weather Derivative Contract & Hedging

Why in news? The National Commodity and Derivatives Exchange (NCDEX) announced on 21 May 2026 that it would launch RAINMUMBAI, India’s first exchang...

Jaggery Superfood: Production, Benefits & Rural Economy

Jaggery Superfood: Production, Benefits & Rural Economy

Why in News? A recent government backgrounder highlighted jaggery’s role in India’s rural economy, its nutritional benefits and measures being tak...

India-Netherlands Strategic Partnership: Roadmap 2026-2030

India-Netherlands Strategic Partnership: Roadmap 2026-2030

Why in News? During his official visit to the Netherlands on 16 May 2026, the Prime Minister of India and his Dutch counterpart elevated bilateral tie...

Mizoram Ginger Mission: GI Tag, Processing & Value Addition

Mizoram Ginger Mission: GI Tag, Processing & Value Addition

Why in news? The Ministry of Development of North Eastern Region (MDoNER) and the Government of Mizoram launched a ₹189.79 crore Ginger Mission on 1...

Agarwood: Assam Exports, Aquilaria Trees & CITES Permit

Agarwood: Assam Exports, Aquilaria Trees & CITES Permit

Why in news? Assam shipped its first legal consignment of agarwood chips—100 kilograms to Saudi Arabia and 12 kilograms to the United Arab Emirates�...

Advance Authorisation Scheme: Gold Import Cap & Customs Duty

Advance Authorisation Scheme: Gold Import Cap & Customs Duty

Why in news? The Indian government recently capped duty‑free gold imports under the Advance Authorisation (AA) Scheme at 100 kilograms. The decision...

Withholding Tax: Foreign Investors, Government Bonds & DTAA

Withholding Tax: Foreign Investors, Government Bonds & DTAA

Why in news? Policymakers are considering whether to reduce or eliminate the 20 percent withholding tax imposed on interest earned by foreign investor...

Coal Gasification Scheme: Syngas, Lignite & Import Reduction

Coal Gasification Scheme: Syngas, Lignite & Import Reduction

Why in news? On 13 May 2026 the Union Cabinet approved a ₹37,500 crore incentive scheme to promote coal and lignite gasification projects. The progr...

Digital Trade Facilitation Bill: DGFT, Bharat Trade Net & Draft

Digital Trade Facilitation Bill: DGFT, Bharat Trade Net & Draft

Why in news? In February 2026 the Directorate General of Foreign Trade (DGFT) issued a trade notice inviting public comments on a draft Digital Trade ...

Bharat Maritime Insurance Pool: Sovereign Guarantee & Shipping

Bharat Maritime Insurance Pool: Sovereign Guarantee & Shipping

Why in news? On 18 April 2026 the Union Cabinet approved the creation of the Bharat Maritime Insurance Pool (BMI Pool) with a sovereign guarantee of �...

IFAD: COSOP Roadmap, Rural Poverty & UN Agency

IFAD: COSOP Roadmap, Rural Poverty & UN Agency

Why in news? On 12 May 2026 the Government of India and the International Fund for Agricultural Development (IFAD) launched a new Country Strategic Op...

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