Economy News ( English version)

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  • Climate change could erase thousands of jobs in India's cities by 2050: World Bank August 1, 2026
    Indian cities face significant job losses due to extreme heat by 2050. Extreme heat already costs South Asia millions of jobs annually. Rising temperatures pose a major threat to regional economic growth. However, India's sustainable cooling market presents a significant investment opportunity. Heat early warning systems offer substantial benefits for e […]
  • Unfazed by West Asia crisis, fiscal deficit within range at 18.2% in Q1 July 31, 2026
    The Centre's fiscal deficit reached 18.2% of the full-year target in the first quarter. Higher spending was offset by stronger net tax collections, analysts noted. Revenue expenditure rose over 7% year-on-year, driven by increased April spending. Capital expenditure remained strong, increasing 24% year-on-year during the quarter. This data suggests the […]
  • PM-KISAN scheme gets 5-year extension and Rs 3.1 lakh crore July 31, 2026
    The Union Cabinet approved a five-year extension for the PM-KISAN scheme. This extension will continue direct cash transfers to eligible farmer families through FY31. The government committed ₹3.15 lakh crore for this significant initiative. This financial support aims to boost agricultural productivity and rural economic growth. The scheme has already disbu […]
  • A deep dive with Rs 84,084 crore scheme for offshore oil and gas exploration July 31, 2026
    The Cabinet approved an ₹84,084-crore scheme for offshore oil and gas exploration. This National Offshore Exploration Scheme, Samudra Manthan, will run until 2030-31. It aims to boost domestic oil and gas production and reserve accretion. The government will fund half the cost of deepwater exploratory drilling. This initiative seeks to de-risk exploration fo […]
  • First tariff-free Scottish salmon shipment arrives in Bengaluru under UK-India CETA July 31, 2026
    The consignment of fresh farmed Scottish salmon, produced by Bakkafrost and imported by Bengaluru-based Sashimi Foods Private Limited, reached India barely two weeks after the agreement became operational.

 

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