Fiscal Slippage
The Reserve Bank of India warned of the rising risks to fiscal consolidation of the states.
Benchmark Equity Indices
Indian benchmark equity indices lost ground for the sixth consecutive session.
RBI raises cap on home loans
The Reserve Bank of India (RBI) has increased the eligibility cap on home loans extended by regional rural banks and small finance banks.
Discom debt to return to pre-UDAY levels
As per the note from CRISIL, the external debt of state-owned electricity distribution companies (discoms) is set to increase to pre-UDAY levels of ₹2.6 lakh crore by the end of this fiscal.
Generalized System of Preferences (GSP)
A group of 25 influential American lawmakers urged the U.S. Trade Representative not to terminate the GSP programme with India.
India extends retaliatory tariff deadline on U.S. items
The Government has extended its deadline to impose retaliatory import duties on 29 products from the United States (US), till May 16.
Small tea growers
According to official statistics, the Indian tea industry harvested its highest tea crop of 1,350 million kg for fiscal 2019 and 1,338.6 million kgs for the calendar year.
Robust plan in place to import oil: MEA
As the deadline for the U.S. sanction waiver for oil imports from Iran expired without an extension from the U.S., India has a “robust plan” to import oil from other countries, the Ministry of External Affairs said.
Manufacturing PMI
As per the recent data, the country’s manufacturing sector performance eased to an eight-month low in April.
Iraq remains India’s top oil supplier
Meeting more than a fifth of the country’s oil needs in 2018-19 fiscal year, Iraq has, for the second year in a row, become India’s top crude oil supplier.