Economy
Indian firms in UK hit record high as turnover tops £105 billion mark
The Grant Thornton-CII-IGF tracker shows India-owned companies in the UK rose to a record 1,912 in 2026 amid growing trade ties after the India-UK free trade pact
 "Indian firms in UK hit record high as turnover tops £105 billion mark")
Commercial LPG prices raised by ₹42; ATF prices for int'l airlines cut 27%
Prices of 5 kg FTL (Free Trade LPG) cylinders have been increased by ₹11, and will cost ₹821.50 in Delhi
 "Commercial LPG prices raised by ₹42; ATF prices for int'l airlines cut 27%")
GST collections rise 3.2% to ₹1.94 trn in May on strong domestic demand
Gross Central GST (CGST) collection from domestic transactions during the reported month stood at ₹37,397 crore, State GST (SGST) at ₹45,143 crore and Integrated GST (IGST) at ₹51,990 crore
 "GST collections rise 3.2% to ₹1.94 trn in May on strong domestic demand")
Manufacturing PMI rises to 3-month high in May as demand stays firm
Manufacturing activity expanded at its fastest pace in 3 months in May, supported by stronger domestic demand, while input cost inflation remained elevated amid continued geopolitical uncertainties
 "Manufacturing PMI rises to 3-month high in May as demand stays firm")
Manufacturing PMI hits 3-month high of 55.0 in May on resilient demand
Input cost inflation remained among the strongest seen in the past four years, driven by higher energy, fuel, material, and transportation costs amid the ongoing conflict in West Asia
 "Manufacturing PMI hits 3-month high of 55.0 in May on resilient demand")
Weekly policy watch: RBI MPC, GDP data, US trade talks in focus this week
India's policy calendar this week is packed with the RBI's June review, FY26 GDP data, India-US trade talks, GST numbers, PMI readings and fuel export levy changes
 "Weekly policy watch: RBI MPC, GDP data, US trade talks in focus this week")
Two years of BJP government in Odisha: Industries boom and jobs lag
Infra creation, law & order remain pain points
 "Two years of BJP government in Odisha: Industries boom and jobs lag")
States' mkt borrowing share in deficit funding rises to 76.3% in FY26: RBI
Borrowing programme for 2026-27 would be managed in an orderly manner, keeping in view fiscal deficit goals and evolving market conditions
 "States' mkt borrowing share in deficit funding rises to 76.3% in FY26: RBI")
West Asia conflict fallout: India's GDP growth likely slowed in Q4
India's economic growth likely moderated in the March quarter as supply-chain disruptions and weaker high-frequency indicators tempered momentum, though overall activity remained resilient
 "West Asia conflict fallout: India's GDP growth likely slowed in Q4")
US may spare India from Sec 301 tariffs if deal is concluded by July 24
An official said the two countries are close to finding a solution for several non-tariff barriers
 "US may spare India from Sec 301 tariffs if deal is concluded by July 24")
RBI MPC meet: Status quo on rates likely as West Asia crisis deepens
After three days of deliberations, the six-member Monetary Policy Committee (MPC), headed by RBI Governor Sanjay Malhotra, will announce its decision on June 5
US-Iran talks, oil and Fed signals key drivers for gold this week: Analysts
Speeches from US Federal Reserve officials during the week could significantly influence interest rate expectations and determine the near-term direction for bullion prices, they added
 "US-Iran talks, oil and Fed signals key drivers for gold this week: Analysts")
Duty concessions for Omani imports under India FTA kick in from June 1
Duty concessions on Omani imports under the India-Oman CEPA come into force from June 1, covering nearly 95% of India's imports from Oman
 "Duty concessions for Omani imports under India FTA kick in from June 1")
A beginner's guide to the IIP ahead of the release of the new series
India adopts a new IIP series with 2022-23 as the base year, expanding sectoral coverage and updating the basket to better reflect the economy
 "A beginner's guide to the IIP ahead of the release of the new series")
India, US chief negotiators to hold four-day trade talks from June 1
India and the US will begin talks to finalise an interim trade pact as both sides reassess tariff commitments amid a changed US trade regime
 "India, US chief negotiators to hold four-day trade talks from June 1")
India, Canada officials express optimism over ongoing trade pact talks
The development comes days after India's Commerce and Industry Minister Piyush Goyal said the two countries were looking to conclude negotiations on a free trade agreement before the end of this year
 "India, Canada officials express optimism over ongoing trade pact talks")
Weekly economy wrap: Fuel costs and trade talks drive policy week
From fuel costs to cotton duty relief and mining reforms, the week showed how global volatility is shaping India's inflation and trade response
 "Weekly economy wrap: Fuel costs and trade talks drive policy week")
India's fuel exports may revive after slumping amid Ukraine, Iran conflicts
Western nations facing shortages are reconsidering sanctions on fuels made from Russian crude oil
 "India's fuel exports may revive after slumping amid Ukraine, Iran conflicts")
Centre revises fuel export levies for June 1-15; domestic rates unchanged
The Centre has retained the export levy on diesel at ₹13.5 per litre, while fixing the duty on petrol exports at ₹1.5 per litre and on aviation turbine fuel (ATF) exports at ₹9.5 per litre
 "Centre revises fuel export levies for June 1-15; domestic rates unchanged")
India, Eurasian Economic Union discussing interim trade deal: Russia
Reshetnikov's remarks came hours after Russian President Vladimir Putin said negotiations on trade liberalisation between India and the EAEU had gained momentum
 "India, Eurasian Economic Union discussing interim trade deal: Russia")