Economy

Book Review

Bullion: To ease pressure on forex, India hikes tariffs on gold, silver to 15%

May 13, 2026 revoi editor

Virendra Pandit New Delhi: Barely 24 hours after Prime Minister Narendra Modi appealed to the people, twice, to postpone gold buying for a year, the Union Finance Ministry raised import duty on precious metals by 15 percent, effective Wednesday, the media reported. According to a government notification, import duty on gold and silver has […]

Business

Air India rationalises international flight network till August amid airspace curbs, high fuel costs

May 13, 2026 revoi editor

New Delhi: Air India on Wednesday announced a temporary rationalisation of its international flight network between June and August, citing continued airspace restrictions over certain regions and record-high jet fuel prices affecting international operations. The airline said the adjustments have been introduced to improve operational stability and minimise last-minute inconvenience to passengers amid the challenging […]

Business

Sensex, Nifty end volatile session marginally higher led by metal stocks

May 13, 2026 revoi editor

New Delhi: Indian benchmark equity indices ended a highly volatile trading session with marginal gains on Wednesday, supported by buying in metal, oil and gas stocks, even as weakness in IT, banking and auto counters capped the upside. The 30-share Sensex closed 49.74 points, or 0.07 per cent, higher at 74,608.98 after witnessing sharp intra-day […]

Business

Energy: India to launch a Rs. 37.5k crore coal gasification plan

May 13, 2026 revoi editor

Virendra Pandit New Delhi: In the backdrop of the global energy crisis, the Union Cabinet on Wednesday approved a Rs. 37,500-crore incentive scheme to promote coal gasification projects, aimed at boosting clean energy production and reducing dependence on forex-guzzling imports, the media reported. “An outlay of Rs 37,500 crore has been kept for this […]

Business

Triplicity: How Pakistan tricked the US, the Saudis, and Iran, but lost to the UAE?

May 13, 2026 revoi editor

Virendra Pandit New Delhi: Even after its near bankruptcy, zero credibility, and military-terror diarchy, Pakistan lost none of its cunningness and exhibited its triplicity to the US, Saudi Arabia, and even Iran during the ongoing West Asian crisis, the media reported. But Islamabad lost the game to the UAE which forced it to repay […]

Economy

Cabinet approves higher MSP for 14 Kharif crops for 2026-27 marketing season

May 13, 2026 revoi editor

New Delhi:The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved an increase in the Minimum Support Prices (MSP) for 14 Kharif crops for the 2026-27 marketing season, aiming to ensure remunerative returns to farmers. The highest absolute increase in MSP has been announced for sunflower seed, which saw […]

Economy

Piyush Goyal highlights export push, FTA progress and global investment talks

May 13, 2026 revoi editor

New Delhi: Union Minister of Commerce and Industry Piyush Goyal on Wednesday highlighted major achievements of the government in the past 10 days, such as export promotion initiatives, progress in free trade agreement (FTA) negotiations and discussions with global companies to strengthen manufacturing investments in India. In a post on X, the minister stated that […]

Business

Roving Periscope: Ahead of the Trump-Xi Summit, China draws “Four Redlines”

May 13, 2026 revoi editor

Virendra Pandit New Delhi: Ahead of US President Donald Trump’s two-day China visit, beginning Wednesday, Beijing has reiterated its position on key issues in bilateral relations with Washington, drawing “four redlines” in bilateral relations that must not be challenged during the superpower summit this week, the media reported. According to the Chinese Embassy in […]

S. Jaishankar x Francisco Perez Mackenna

Business

EAM Jaishankar meets Chilean counterpart Mackenna, discusses boosting ties in trade and services

May 13, 2026 revoi editor

New Delhi: External Affairs Minister S. Jaishankar and his Chilean counterpart Francisco Perez Mackenna on Wednesday held wide-ranging talks in New Delhi aimed at strengthening bilateral cooperation across various sectors. Following the meeting, Jaishankar said the two sides discussed ways to diversify markets and sourcing, promote exports and expand cooperation in the services sector. “Delighted […]

Business

US tariff whiplash pushed toy factory in China to brink of collapse

May 13, 2026 revoi editor

New Delhi: Had the United States kept tariffs on Chinese imports at triple digits for just one more day last year, Huntar Company would have collapsed, said David Cheung, who runs the family-owned toy maker with his brother Jason. When Washington and Beijing reached a trade truce in Geneva on May 12 last year, rolling […]