The Indian government has assured citizens that the country has ample food stocks to meet domestic demand, despite escalating tensions with Pakistan. The government has also warned traders against hoarding essential food items and creating artificial shortages, emphasizing that there is no need for panic buying. The food ministry detailed the country's current stock levels, showcasing a surplus over required buffer norms for rice, wheat, and pulses. Additionally, India holds substantial edible oil and sugar stocks, ensuring a strong food security position.
Increasing cooperation in critical minerals will top Prime Minister Modi's agenda during his discussions with leaders of Ghana, Argentinia, Brazil and Namibia.
Geopolitical tensions, trade policy uncertainties, volatility in international commodity prices and financial market uncertainties pose considerable risks to India's economic growth in the coming year, the finance ministry cautioned on Wednesday. "Global trade continues to be affected by uncertainty in the policy environment... tariff-related developments in multiple countries have heightened trade-related risks, affecting investment and trade flows globally.
There are challenges galore before him, and it is not going to be easy. In the next four years, he has to conjure a system that changes the optics about him and the BJP both nationally and internationally so that he can ride back on his own, claim the top slot, and not have to lean on a coalition, asserts Ramesh Menon as Modi 3.0 completes a year in power.
The India Meteorological Department (IMD) has predicted above-normal rainfall for the upcoming monsoon season in India (June to September). The cumulative rainfall is estimated to be 105 percent of the long-period average. The IMD has also ruled out the possibility of El Nino conditions during the entire season. The monsoon is crucial for India's agriculture sector, which supports the livelihood of a significant portion of the population and contributes substantially to the country's GDP. However, while the prediction of normal rainfall brings relief, climate change is expected to cause variations in rainfall distribution.
India and the US have finalised the terms of reference outlining the roadmap for negotiations of the proposed Bilateral Trade Agreement (BTA), according to a statement issued by the US. US Trade Representative (USTR) Jamieson Greer said that these ongoing talks will help achieve balance and reciprocity by opening new markets for American goods and addressing unfair practices that harm US workers.
ISRO has projected wheat production of 122.24 million tonnes.
China on Tuesday called for a 'comprehensive and lasting ceasefire' between India and Pakistan, urging both countries to properly handle their differences through dialogue.
Ministers' resignation accepted, portfolios farmed out
The commerce ministry is working on different scenarios to assess the possible fallout of reciprocal tariffs to be imposed by the US administration on April 2 on its key trading partners including India, sources said. US President Donald Trump has said that April 2 will be 'Liberation Day' as he plans to announce tariffs or import duties to bring down America's trade deficit, and promote the country's manufacturing.
The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy.
Recent documents by NITI Aayog and periodic labour force surveys on employment show that the importance of agriculture is rising in the Indian economy.
India and the US have decided to hold sector-specific talks in the coming weeks to finalise the structure of the proposed bilateral trade agreement (BTA), the government said on Saturday. The engagement between the two countries came in the backdrop of the USA's threat to impose reciprocal tariffs on its key trading partners, including India, on April 2.
The Sixteenth Finance Commission Chairman, Arvind Panagariya, has highlighted the challenges faced by southern states due to falling fertility rates and the subsequent increase in dependency ratios and ageing populations. He noted that Andhra Pradesh, Assam, and Tamil Nadu have raised concerns about these demographic trends. The Commission is currently touring the states to gather feedback and is expected to submit its recommendations after completing nationwide consultations.
At the PMO, policies are framed by factoring in analytical perspectives, implications, sustainability, and other dimensions.
The Indian exporting community is "very" concerned about the possible reciprocal tariffs of the US as it could severely hurt MSME shipments to America in the short run, Federation of Indian Export Organisations President SC Ralhan said on Wednesday. He suggested that the government should come forward and support exporters to deal with these tariffs.
The bank made a Rs 67 crore net profit, up 21% from the previous year. Its deposits grew 8%, the loan book 10%. Net bad loans dropped from 7.53% to 6.07%. So why was the banker, who headed the bank, not promoted?
The Budget assumes significance as it comes on the back of lower-than-expected growth numbers during the second quarter and geopolitical uncertainty.
China's Ministry of Commerce announced Tuesday it will impose counter tariffs on multiple American products, including a 15 per cent tariff on coal and liquefied natural gas, and a 10 per cent tariff on crude oil, agricultural machinery, and large-displacement vehicles.
Several leading scientists, academicians, and agriculturalists have called for raising government support for research and development to make Indian agriculture future-ready.
The Supreme Court of India has dismissed a petition filed by an NGO challenging the construction of a renewable energy project at the Jayakwadi Dam in Maharashtra. The court criticized the NGO for opposing the project, stating that it would be detrimental to the country's progress if every project was resisted. The court also raised questions about the NGO's bona fides and funding, suggesting that it may have been influenced by a company that lost the tender for the project. The project, a floating solar power plant, was approved by the National Green Tribunal (NGT) and the Ministry of Environment, Forests and Climate Change. The NGT had previously dismissed the NGO's plea, stating that it could not find any law prohibiting such activities in the eco-sensitive zone. The Supreme Court upheld the NGT's decision, finding no grounds to interfere.
With the summer approaching sooner than scheduled, Maharashtra, Telangana, Odisha, and West Bengal have already started experiencing heat waves with temperatures soaring above 40°C.
The latest annual report of the finance ministry has disclosed that the agency funded seven projects worth USD 750 million in 2023-24.
In their letter to Rajya Sabha Chairman Jagdeep Dhankhar, the Congress leaders said during a discussion on the functioning of the ministry of agriculture and farmers' welfare on August 2, "misleading and incorrect assertions" were made by the minister.
Cooking gas or Liquified Petroleum Gas (LPG) price has been raised by Rs 50 per cylinder by distribution companies, Union Oil Minister Hardeep Singh Puri said on Monday.
The official said there are both challenges and opportunities for India as many of its competitor countries in exports, such as China Vietnam, Bangladesh, Cambodia and Thailand, face higher duties.
The National Informatics Centre uses AI to automate document analysis and detect fraud in government departments.
More funds are expected to be allocated for the new crop insurance scheme, PMSKY and RKVY.
The Finance Ministry's annual report has revealed that the US Agency for International Development (USAID) funded seven projects worth USD 750 million in India during the 2023-24 fiscal year. The projects, implemented in partnership with the Indian government, cover areas like agriculture and food security, water and sanitation, renewable energy, disaster management, health, sustainable forests, and climate adaptation. This disclosure comes amidst controversy over USAID's alleged role in influencing Indian elections, with claims that the agency allocated USD 21 million to India for 'voter turnout'. However, the report clarifies that no funds were dedicated to enhancing voter turnout.
A bird flu outbreak caused by the H5N1 strain has been reported in Bokaro, Jharkhand, leading to the death of around 250 birds at a government poultry farm. The outbreak was confirmed on March 7, prompting authorities to cull 46 birds and destroy 506 eggs at the farm. A 1-km radius has been declared an affected zone, where birds will be culled, and a 10-km radius has been designated as a surveillance zone, prohibiting the sale and purchase of poultry. This outbreak comes roughly a month after a similar incident in Ranchi, where 5,500 birds were culled.
US President Donald Trump has proposed a deal to China that would see the sale of TikTok's US operations to an American buyer in exchange for a reduction in tariffs on Chinese exports to the US. The proposal comes amid a trade war between the two countries and follows China's retaliation of Trump's tariffs on Chinese goods. Trump has also said that tariffs are a powerful economic tool and that he is determined to ensure fair trade between the US and China.
The need for a manufacturing policy, reining in food inflation and raising investment in the country were among key suggestions given by economists who met Finance Minister Nirmala Sitharaman and senior ministry officials in the first round of pre-Budget consultations on Friday.
The Rural Development Ministry has been allocated Rs 1.88 lakh crore in the Union Budget for 2025-26, around 5.75 per cent more than the allocation in the previous budget.
Area under paddy has gone up nearly 3 per cent so far in the ongoing kharif sowing season to 411.52 lakh hectare, while pulses acreage declined 5 per cent, according to the agriculture ministry data. Paddy acreage stood at 400.72 lakh hectare (LH) in the same period last year. As per the data released on Friday, area under pulses declined 5 per cent to 122.57 LH from 128.49 LH in the year-ago period.
A 37-year-old man accused of raping a woman inside a bus at Swargate bus station in Pune was arrested after a days-long manhunt. The accused, Dattaray Ramdas Gade, was hiding in a paddy field in his native Shirur tehsil. Police used drones and sniffer dogs to track him down.
The Jharkhand government has sounded an alert after bird flu cases were reported at a veterinary college-based poultry farm in Ranchi. The Union Ministry of Fisheries, Animal Husbandry and Dairying has asked the state to take all measures to contain its spread. Around 150 Guinea fowls died over the past 20 days at the farm. The presence of H5N1, a type of avian influenza A virus, was confirmed in samples sent to the ICAR-National Institute of High Security Animal Diseases (NIHSAD) in Bhopal.
The finance minister, in her Budget speech, should focus more on what she is directly responsible for, rather than on programmes where her role is largely supportive, notes Nitin Desai.
For the first time, the government is likely to dip into the Oil Industry Development Fund (OIDF) to finance part of its fertiliser subsidy programme for 2025-26, according to official sources. The finance ministry has accounted for Rs 23,000 crore in the FY26 Budget as net additional resources to be drawn from dedicated reserve funds, including the OIDF, the Agriculture Infrastructure and Development Fund, and the Universal Service Obligation Fund.
Congress Parliamentary Party chairperson Sonia Gandhi has criticized the Waqf (Amendment) Bill, calling it a 'brazen assault' on the Constitution and part of the BJP's strategy to keep society in a 'permanent state of polarization.' She also spoke out against the One Nation, One Election Bill, calling it a 'subversion of the Constitution.' Gandhi further accused the Modi government of ignoring the women's reservation bill and other demands for reservation, and of 'dragging the country into an abyss' where the Constitution will only exist on paper. She also criticized the government for limiting the speaking time of the Leader of the Opposition in Parliament and for not allowing discussions on important issues like the working of the defense and external affairs ministries and the challenges posed by China on the border.
'And America will invite India in to have really an extraordinary opportunity and relationship with us.'
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