April 21, 2026

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RBI/2026-2027/11 (Delhi)
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Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1988 (2011) Taliban Sanctions List: Amendment of 04 Entries

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RBI/2026-27/13 (Delhi)
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INDIAN ECONOMY

Govt preparing plans to avoid middle-income trap

With the risk of India getting stuck in the middle-income trap, the government is working on a detailed report on how to avoid such a situation. Sources told TNIE that India has only 20 years left to escape the middle-income trap, and therefore, it is studying countries which successfully avoided getting int...

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FY27 capex growth of states pegged at 8–10%: report

States' capital expenditure growth is likely to slow down to 8-10 per cent in FY27 from 17 per cent in FY26, a report said on Monday. The moderation will primarily result from tighter fiscal headroom due to rising revenue expenditure commitments and a moderation in revenue growth, Careedge Ratings said....

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West Asia conflict clouds outlook, but infra investments seen rising 45–50% through FY27–28: Crisil

The ongoing West Asia conflict could add inflationary pressure to India’s infrastructure sector, but investment is still expected to grow 45–50% over the current and next fiscals, supported by strong domestic demand and policy backing, according to Crisil Ratings. Investments across key sectors—including r...

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India's economy projected to grow at 6.4% this year: UN

India's economy is projected to grow at 6.4 per cent this year and 6.6 per cent in 2027, according to a report by the United Nations. The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) said in the report released Monday that economies in South and South-West Asia grew by 5.4...

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India faces inflation spillover risks from Middle East conflict: RBI

India’s central bank has flagged the risk of inflation becoming more entrenched as geopolitical tensions in the Middle East continue to disrupt global supply chains and energy markets. As reported by Bloomberg, speaking at Princeton University over the weekend, Reserve Bank of India Governor Sanjay Malhotr...

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High gold, silver prices weigh on trade deficit in 2025-26

The massive jump in gold and silver prices during 2025-26 accounted for as much as $21.19 billion of the $48.7-billion surge recorded in merchandise trade deficit during the year. The trade deficit came in at $333.2 billion in FY26 against $284.5 billion the previous year. The year saw investors and centra...

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Goyal pitches for a new free trade pact with South Korea

India today comes with a lot of strength on the negotiating table, Commerce and Industry Minister Piyush Goyal said on Monday as he pitched for a new trade pact with South Korea that is “more contemporary.” Noting that the Comprehensive Economic Partnership Agreement (CEPA), in force since 2010, has not wo...

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India, South Korea aim to double trade by 2030

India and South Korea on Monday set the target of nearly doubling annual bilateral trade to $50 billion by 2030, and announced upgrading their Comprehensive Economic Partnership Agreement (CEPA) within a year, after talks between Prime Minister Narendra Modi and visiting South Korean President Lee Jae Myung. ...

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India’s core sector growth contracts 0.4% in March 2026 to lowest level since August 2024

India’s core industrial activity contracted in March 2026, with the combined Index of Eight Core Industries (ICI) falling 0.4 per cent year-on-year compared to March 2025, marking the weakest performance in nearly two years and a sharp reversal from 2.8 per cent growth in February, according to government dat...

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GLOBAL ECONOMY

Billions to be paid! US starts refund process for Trump tariffs: Can Indian exporters claim?

The US government has rolled out a system to facilitate refunds of over $166 billion from tariffs introduced by Donald Trump and later invalidated by the US Supreme Court. In February, the court struck down a broad set of reciproc...

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German Producer Prices Fall 0.2% Y/y in March

German producer ?prices fell ?less ?than expected ?in ?March, decreasing ?by 0.2% on ?the ?year, the federal ?statistics ?office ?reported on Monday. Analysts ?polled by ?Reuters ?had ?expected a 0.5% decline. The office ?pu...

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German Industry Faces Stagnation in 2026, BDI Says

German ?industry is expected to ?stagnate at best in 2026, the ?BDI industry association said on Monday, warning that higher energy ?costs, supply chain risks ?and domestic structural weaknesses were piling pressure on ?Europe's ?...

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Canada's Annual CPI Rises to 2.4% as Iran War Drives up Gasoline Costs

Canada's annual inflation rate rose to ?2.4% ?in March, with prices jumping 0.9% ?on the month, as higher crude oil costs drove up gasoline prices, data showed on ?Monday. The annual inflation rate was last at this level in De...

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Mexico Economy Stuck in Mild Stagflation This Year, Held Back by Trade Uncertainty: Reuters Poll

Mexico's economy will remain stuck ?in ?mild stagflation in 2026, a Reuters poll ?of economists found, held back by uncertainty over its trade deal with the U.S. ?and Canada. Latin America's No. 2 economy is forecast to log a t...

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Robust US Commercial Loan Growth Eases Worries of Economic Slowdown

U.S. banks last week reported a ?sharp ?ramp-up in corporate borrowing, offering an ?early indication of resilience in parts of the economy even as inflationary pressures and ?broader fears of a slowdown persist. The robust upt...

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China's Youth Jobless Rate Rises to 16.9% in March

The ?jobless rate ?in China for ?those under 30 years ?of age in ?urban areas, ?excluding ?college students, rose in March, data from ?the National Bureau of Statistics showed. • In ?the youngest segment surveyed, among ?16-to-...

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INDIAN CORPORATE

Bank of Maharashtra net jumps 35% to Rs 2,014 crore on robust loan sales

State-run Bank of Maharashtra has reported a 35% on-year jump in March quarter net profit at Rs 2,014 crore, driven by strong growth in net interest income, advances, and overall business coupled with better asset quality. For the...

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Indian Railway Finance Corp eyes Rs 3 lakh crore of business by 2030

State-run Indian Railway Finance Corporation (IRFC) has plans to sanction loans to the tune of Rs 3 lakh crore by 2030, with the disbursements estimated at 70% of that amount, Chairman and Managing Director (CMD) Manoj Kumar Dubey...

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