Economy News ( English version)

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  • Andhra CM Chandrababu Naidu to announce measures to counter West Asia war impact May 13, 2026
    Andhra Pradesh Chief Minister N Chandrababu Naidu will unveil precautionary measures within two days to counter the West Asia conflict's impact. The government will announce steps to safeguard the state from the US-Iran war's effects. He urged citizens to support economic strengthening by avoiding unnecessary gold buying and foreign travel.
  • Cabinet raises Minimum Support Prices for 14 kharif crops May 13, 2026
    The Union Cabinet has approved significant hikes in Minimum Support Prices for 14 Kharif crops for the 2026-27 marketing season. Sunflower Seed sees the largest absolute increase. Cotton and other oilseeds also receive substantial boosts. MSPs for all notified Kharif crops are set at least 50% above production costs. Common paddy MSP is fixed at Rs 2,441 per […]
  • Bayer strengthens its phygital connect with Indian farmers as FarmRise app reaches 5 million users May 13, 2026
    The initiative also includes digital marketplaces, satellite-based insights for risk protection, and AI-powered advisory, aiming to enhance farmer decision-making and sustainability.
  • RBI likely to pay record dividend to govt this year May 13, 2026
    The Reserve Bank of India is set to transfer its highest-ever dividend to the central government. This substantial payout will offer the Centre a crucial fiscal cushion. The RBI's board will decide the dividend amount this month. This move comes as public sector banks also reported record profits, boosting government revenue expectations.
  • Gold imports from Dubai may rise after duty hike: GTRI May 13, 2026
    India's recent hike in import duties on gold and silver opens the door for enhanced trade relations with Dubai. Thanks to the India-UAE trade agreement, gold coming from Dubai will incur a more favorable 14 percent duty, a welcome change from the anticipated 15 percent. This scenario creates an exciting opportunity for silver imports as well.

 

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