Category: Economy

Oil India Limited (OIL) has made its second natural gas discovery in the Andaman offshore region, strengthening prospects of the Andaman Basin emerging as a major hydrocarbon-producing area in the future. The discovery was made at the Vijayapuram-3 exploratory well, located about 15 km off the east coast of the Andaman Islands at a water … Continue reading Oil India Makes Second Gas Discovery in Andaman Basin

Tezpur Litchi, a GI-tagged fruit of Assam, is set to expand its international presence with one tonne earmarked for export to Dubai and 500 kilograms to Singapore. Additionally, 100 specially packaged boxes of premium Tezpur litchis will be sent to the Prime Minister's Office. The initiative highlights the growing export potential of Assam's horticultural produce. … Continue reading Tezpur Litchi Expands Global Reach

Assam Lemon, a GI-tagged agricultural product of Assam, has been exported to Dubai with the facilitation of NERAMAC (North Eastern Regional Agricultural Marketing Corporation Limited), marking a significant step in promoting Northeast India's agricultural products in international markets. Established in 1982 under the Ministry of Development of North Eastern Region (MDoNER), NERAMAC works to support … Continue reading Assam Lemon Exported to Dubai

The North Eastern Council (NEC) held its 73rd plenary session under the chairmanship of Union Home Minister Amit Shah, where leaders of the eight Northeastern states deliberated on the North East Vision Plan 2047 aimed at promoting a stronger and more prosperous region. Established under the North Eastern Council Act, 1971, the NEC serves as … Continue reading North Eastern Council (NEC) and Vision Plan 2047

The Government of India plans to gradually phase out the Wholesale Price Index (WPI) over the next five years and introduce a more comprehensive Producer Price Index (PPI). Unlike the WPI, the PPI will capture changes in output prices, input costs and service-sector prices, providing a broader and more accurate measure of inflationary trends in … Continue reading Producer Price Index (PPI) to Replace Wholesale Price Index

Nagaland is advancing its proposed Centre of Excellence (CoE) for Kiwifruit at Pfutsero in Phek district, the first such facility under the state’s Horticulture Department. The centre will collect real-time weather, soil and water data to support precision farming practices, improve productivity and enhance the quality of kiwifruit cultivation. The initiative is expected to strengthen … Continue reading Centre of Excellence for Kiwifruit in Nagaland

The Strait of Hormuz was highlighted as a critical concern, with fears that a prolonged conflict in the region could increase fuel prices and trigger inflationary pressures across India, including Assam. To cushion the impact of rising prices on consumers, a proposal was made for the creation of a Price Stabilization Fund. Such a fund … Continue reading Strait of Hormuz and Proposal for a Price Stabilization Fund

North East Cane and Bamboo Development Council received a pioneering bamboo wine production technology developed by the College of Food Technology. The technology was developed under the research project “Exploring the Potential of Bamboo Wine: Production, Properties and Market Viability”. The innovation seeks to promote value addition in bamboo resources, create new livelihood opportunities and … Continue reading Bamboo Wine Technology Handed Over to NECBDC

The proposed Kill Switch Facility of the Reserve Bank of India is an emergency security mechanism designed to instantly freeze all financial transactions and fund transfers from a user’s bank account or digital wallet upon suspicion of fraud. The initiative also envisages a Switch On/Switch Off feature, extending card-style security controls to digital payment systems … Continue reading RBI’s Kill Switch Facility

A Union Minister launched the Arunachal Kiwi: The USP of Arunachal Pradesh mission, a ₹167-crore cluster-based initiative aimed at transforming Arunachal Pradesh into a globally competitive organic kiwi economy. Arunachal Pradesh is India’s largest kiwi-producing state, contributing more than 50 per cent of the country’s total kiwi output with annual production exceeding 7,050 metric tonnes. … Continue reading Arunachal Kiwi Mission – USP of Arunachal Pradesh

Assam has emerged as one of India’s fastest-growing economies, with the state government attributing the growth to infrastructure expansion, policy reforms and investment-driven development. According to Chief Minister Himanta Biswa Sarma, Assam recorded a 17.3 per cent compound annual growth rate (CAGR) and a 45 per cent expansion in Gross State Domestic Product (GSDP) over … Continue reading Assam Among India’s Fastest-Growing Economies

Assam and Meghalaya emerged among India’s fastest-growing state economies over the past five years, reflecting a broader shift in economic growth beyond traditionally dominant industrial states. According to the report, Assam recorded the highest nominal GDP growth among large states with a five-year compound annual growth rate (CAGR) of 17.3 per cent. The growth was … Continue reading Assam and Meghalaya – Fastest Growing State Economies

International Tea Day 2026 is observed on May 21 with the theme “Fostering Growth and Inclusion”, focusing on the need for a sustainable and inclusive tea industry that benefits all stakeholders involved in tea production and trade. The day recognises the cultural, economic and social significance of tea across the world, from India’s chai tradition … Continue reading Theme “Fostering Growth and Inclusion” – International Tea Day 2026

Parle Products gained massive online attention after Narendra Modi gifted Melody toffees to Giorgia Meloni during an interaction that went viral on social media. Following the incident, investors mistakenly rushed to buy shares of Parle Industries, causing the stock to hit its upper circuit limit on the BSE. However, Parle Industries is unrelated to Melody … Continue reading Melody Toffee Viral Moment and Stock Market Confusion

During the recent review meeting of the Brahmaputra Board, several books and documentaries highlighting traditional water conservation systems of Northeast India were released. These included documentaries on the Dong irrigation system of Assam, bamboo drip irrigation of Meghalaya, rainwater harvesting practices of Mizoram and paddy-cum-fishery systems of Arunachal Pradesh. The Dong system is a traditional … Continue reading Indigenous Water Conservation Practices of Northeast India

The Union government launched the Mission Coffees of Nagaland on 18 May 2026 at Sanchar Bhawan to promote coffee cultivation and strengthen livelihood opportunities for farmers in Nagaland. The initiative highlights the growing potential of coffee production in the Northeast and aims to support sustainable agriculture, value addition and market expansion. Officials stated that the … Continue reading Mission Coffees of Nagaland – Coffee Sector Promotion

Ministry for Development of North Eastern Region is exploring integration of Assam’s Eri silk with Rajasthan’s traditional Kota Doria fabric to create a premium handloom product for domestic and international markets. Eri silk, popularly known as “peace silk,” is valued for its eco-friendly and non-violent production process, while Kota Doria is a lightweight handwoven fabric … Continue reading Eri Silk and Kota Doria – Handloom Collaboration Initiative

Capital flight refers to the rapid movement of financial assets and investments out of a country when investors lose confidence in the domestic economy. Such situations may arise due to geopolitical tensions, economic instability, policy uncertainty or better investment opportunities in safer economies such as the United States or the United Kingdom. During capital flight, … Continue reading Capital Flight – Outflow of Financial Assets

Tripura will organise a three-day Pineapple Mahotsav in New Delhi from June 27 to promote its GI-tagged Queen Pineapple in domestic and international markets. The fruit is also recognised as the state fruit of Tripura. The government plans to invest ₹236 crore for development of the Queen Pineapple sector and marketing infrastructure with support from … Continue reading Queen Pineapple – Tripura’s GI-Tagged Fruit

Mizoram launched the ₹189.79-crore Mizoram Ginger Mission to strengthen ginger cultivation, processing and international market access for farmers. The Centre-backed initiative aims to improve value addition and enhance income opportunities in the state’s agricultural sector. Mizo ginger is known for its high oleoresin content of 6–8 per cent, much higher than the global average. Two … Continue reading Mizoram Ginger Mission – Boost to Spice Economy

North Eastern Development Finance Corporation Limited partnered with Veefin Solutions Limited to develop a comprehensive digital lending ecosystem aimed at improving credit access in the North-East region. The initiative will introduce cloud-based systems including Loan Origination System, Loan Management System and Loan Collection System along with mobile applications and customer portals. Integration with credit bureaus … Continue reading NEDFi – Digital Lending Ecosystem for North-East India

Lum’er Pyngngad has emerged as a major tourist attraction in Meghalaya because of its scenic landscape and natural beauty. Located amid rolling hills and pine forests in Ri Bhoi district, the destination offers panoramic valley views and a peaceful environment. The site has witnessed a growing number of visitors, reflecting the increasing importance of eco-tourism … Continue reading Lum’er Pyngngad – Emerging Tourist Destination of Meghalaya

Commercial operation of the fourth 250 MW unit of the Subansiri Lower Hydroelectric Project began recently, increasing the project’s operational capacity to 1,000 MW out of the planned 2,000 MW. Developed by NHPC Limited, the project is one of the largest hydroelectric initiatives in India and is being commissioned in phases. The project is expected … Continue reading Subansiri Lower Hydroelectric Project – Fourth Unit Commissioned

The Ministry of Statistics has issued uniform guidelines for calculating Gross State Domestic Product (GSDP) with 2022–23 as the new base year. The move aims to create a standardised framework for measuring and comparing economic performance across States and Union Territories. The revised base year incorporates updated data sources, improved estimation methods and evolving international … Continue reading Gross State Domestic Product (GSDP) – New Base Year 2022–23

Northeast Frontier Railway held discussions with tea industry stakeholders to promote containerised rail transportation of tea from Assam. The initiative aims to support the movement of nearly 160 million kg of export-oriented tea production through a cost-effective, reliable and eco-friendly transport system. NFR highlighted growth in freight performance during FY 2025–26 and proposed development of … Continue reading Northeast Frontier Railway – Containerised Tea Transportation

Indian Council of Agricultural Research has reduced jhum cultivation by about 75% in the Northeast through scientific interventions and sustainable farming practices. Jhum, or shifting cultivation, traditionally involved short-term cropping followed by long fallow periods, which have now reduced due to population pressure, causing soil degradation and low productivity. ICAR promotes alternatives like integrated farming … Continue reading Jhum Reduction in Northeast India

Arunachal Pradesh plans to develop the Subansiri Lower pondage into a world-class mountain-cum-river tourism hub, integrating eco-tourism, adventure, culture and sustainable livelihoods. The initiative aims to position the state as a premier destination while preserving its rich biodiversity. The project is linked to the 2000 MW Subansiri Lower Hydroelectric Project, India’s largest on the Subansiri … Continue reading Subansiri Lower Pondage – Tourism Transformation

The Bharat Maritime Insurance Pool is a domestic, state-backed insurance mechanism designed to provide risk coverage for Indian-flagged, controlled or India-bound vessels. It acts as a safeguard for maritime trade during geopolitical uncertainties. The pool ensures continuity of shipping operations if global insurers withdraw due to conflicts or sanctions. By offering financial protection against risks, … Continue reading Bharat Maritime Insurance Pool (BMI Pool)

The Union Budget 2026–27 introduces a crop-specific, regionally differentiated strategy to promote high-value crops in coastal, Northeast and Himalayan regions. Agarwood has emerged as a key focus due to its high commercial value and export potential. India has around 150 million agarwood trees, with nearly 90% in the Northeast, especially Assam and Tripura. Leveraging the … Continue reading Agarwood Push under Budget 2026–27

The BioE3 (Biotechnology for Economy, Environment & Employment) policy of the Central Government prioritises the Northeast as a key region for bioeconomic growth. Under the Biotechnology Research Innovation and Entrepreneurship Development (Bio-RIDE) scheme, 10% of the budget for biomanufacturing and biofoundry components is earmarked for the region to boost startups and innovation. This initiative aims … Continue reading BioE3 Policy and Northeast Bioeconomy Potential

The North East India Tourism Confederation has partnered with the Association of Buddhist Tour Operators to promote Buddhist tourism in Northeast India. The initiative seeks to position the region as a new hub for global spiritual travel, reducing overdependence on traditional centres like Bodh Gaya and Tibet. Focusing on Arunachal Pradesh, Assam and Sikkim, the … Continue reading Buddhist Tourism Push in Northeast India

Amid rising global crude oil prices leading to a surge in Aviation Turbine Fuel (ATF) costs, the Government of India has taken strategic steps to cushion domestic airlines from financial stress. Earlier, the increase in ATF prices for domestic carriers was capped at 25%, limiting the impact of global price volatility. Further, the Ministry of … Continue reading Aviation Cost Control — Government Measures

The number of National Waterways in the Northeast has increased significantly from 1 to 20, reflecting a major push towards improving inland water transport infrastructure in the region. An investment of ₹1,040 crore has been made in various waterway projects to enhance connectivity, promote trade and support long-term economic development. These initiatives aim to utilise … Continue reading National Waterways — Expansion in Northeast India

NTPC Limited and North Eastern Electric Power Corporation Limited highlight five decades of contribution to India’s power sector, marking 50 years of reliable energy generation and infrastructure development. Their focus includes planning and development of power projects, ensuring reliable electricity supply, promoting renewable and sustainable energy, and maintaining high standards of governance, safety and environmental … Continue reading NTPC–NEEPCO — Power Sector Milestone

Assam’s Gross Fiscal Deficit (GFD) rose sharply to 5.9% of GSDP in 2022–23 from 3.6% in 2020–21, before moderating to 3.7% in 2023–24, indicating partial fiscal consolidation. However, rising liabilities remain a concern. Outstanding debt and interest payments increased significantly between 2020–21 and 2023–24, reflecting continued borrowing and higher debt servicing burden. The ratio of … Continue reading Assam — Fiscal Stress and Consolidation Trends

Superior Kerosene Oil (SKO) has been approved for distribution under the Public Distribution System across 21 States and Union Territories to enhance energy access for vulnerable populations. It is a highly refined fraction of crude oil with reduced impurities like sulphur, ensuring safer and efficient use. SKO serves as an affordable fuel for cooking and … Continue reading Superior Kerosene Oil — PDS Distribution

Assam-origin Oil India Limited (OIL) has achieved its highest-ever daily production of 1,47,159 barrels of oil equivalent (BOE), marking a significant milestone in India’s energy sector. The surge is attributed to intensive drilling of 73 wells, 300 workovers and enhanced operational efficiency. The company also recorded 80,060 barrels of crude oil production in a single … Continue reading Oil India Limited — Record Production Milestone

In a notable development marking the 250th anniversary of the United States, President Donald Trump is set to become the first sitting U.S. president whose signature will appear on American banknotes. The move has been announced by the U.S. Treasury Department. Traditionally, U.S. currency features the signatures of the Treasury Secretary and the Treasurer, making … Continue reading U.S. Banknotes — Trump Signature Announcement

Assam is facing fuel scarcity at retail outlets despite refineries operating at full capacity with adequate petrol and diesel stock. The issue arises because refineries supply fuel to Oil Marketing Companies (OMCs), not directly to consumers, creating a gap in distribution. OMCs are reluctant to procure sufficient fuel as refinery transfer prices are linked to … Continue reading Assam Fuel Shortage — Supply Chain Mismatch

Operation Urja Suraksha is a naval initiative undertaken by the Indian Navy to safeguard the movement of India-bound oil and gas shipments from the Persian Gulf region. It focuses on securing vital sea lanes, especially around the Strait of Hormuz, a crucial global energy chokepoint. The mission ensures uninterrupted energy supply by deploying warships to … Continue reading Operation Urja Suraksha — Maritime Energy Security Mission

Slovenia has introduced fuel rationing, becoming the first European Union country to take such a step amid disruptions linked to the West Asia conflict and rising global energy prices. The measure aims to manage supply and prevent shortages. Under the policy, private vehicles are restricted to 50 litres per day, while businesses and farmers can … Continue reading Slovenia Fuel Rationing — Energy Crisis Response

India stores crude oil in Strategic Petroleum Reserves (SPR) to ensure energy security during supply disruptions or global crises. These underground storage facilities act as a buffer against sudden shocks like war or price spikes. The major existing reserves are located at Visakhapatnam (Andhra Pradesh), Mangalore and Padur (Karnataka). Expansion plans include new sites at … Continue reading Strategic Petroleum Reserves — India’s Oil Storage

Assam is witnessing a gradual return of skilled workers from other states, offering a positive shift amid large-scale outmigration to southern industrial hubs. Many migrants working outside earn low wages and often face vulnerabilities, including unsafe working conditions and travel-related risks. This trend can be strengthened through rural entrepreneurship beyond traditional sectors like handloom. Expanding … Continue reading Reverse Migration in Assam — Emerging Opportunity

The Subansiri Lower Hydroelectric Project has reached a key milestone with the synchronization of another 250 MW unit, taking its operational capacity to 750 MW out of the planned 2,000 MW. This strengthens India’s hydropower base, supporting grid stability and meeting peak electricity demand. Beyond power generation, the project has contributed to socio-economic development in … Continue reading Subansiri Lower Hydroelectric Project — Capacity Expansion

The ongoing West Asia conflict has prompted global shipping companies to invoke the “Liberties Clause” in maritime contracts, allowing them to reroute cargo and discharge it at alternate ports. This has increased transportation costs and disrupted global supply chains. The clause, part of the Bill of Lading, gives shipmasters legal authority to deviate from planned … Continue reading Liberties Clause — Maritime Law in Modern Conflict

The Economic Stabilisation Fund is a specialised fiscal tool introduced by the Ministry of Finance, Government of India, to provide financial flexibility during unforeseen economic shocks. It creates budgetary headroom, enabling the government to respond without disturbing overall fiscal stability. The fund acts as a buffer against global and domestic uncertainties such as oil price … Continue reading Economic Stabilisation Fund — Fiscal Buffer Mechanism

Section 301 is a provision of U.S. trade law that empowers the Office of the United States Trade Representative (USTR) to investigate and respond to unfair, discriminatory or unjustifiable trade practices by foreign countries that harm U.S. commerce. Actions under Section 301 may include tariffs or other trade restrictions. Recently, the U.S. government launched two … Continue reading Section 301 Investigations — U.S. Trade Law

Force majeure is a legal clause in contracts that allows parties to suspend or terminate contractual obligations without penalty when extraordinary and unforeseeable events make performance impossible. Such events may include wars, natural disasters, or major disruptions beyond the control of the contracting parties. Recently, major Gulf energy producers such as Qatar, Kuwait and Bahrain … Continue reading Force Majeure — Impact on Gulf Energy Exports

IndiGo has announced that it will begin levying fuel surcharges on domestic and international flight tickets from 14 March, citing the sharp increase in Aviation Turbine Fuel (ATF) prices. The surge in fuel costs has been linked to rising geopolitical tensions and the ongoing West Asia crisis, which has affected global energy markets. Fuel costs … Continue reading IndiGo Fuel Surcharge — Impact of ATF Price Rise

Salam Rohendro Singh, a progressive fish farmer from Manipur, has been honoured with the IARI Innovative Farmer Award 2026 for his notable contributions to fisheries and aquaculture development. Through innovative farming practices and knowledge sharing, Singh has helped promote sustainable aquaculture in the region. His work has earned him invitations as a guest speaker at … Continue reading Salam Rohendro Singh — IARI Innovative Farmer Award 2026

Ship flagging refers to the practice of registering a vessel under the maritime registry of a particular country. Many ships operate under a “flag of convenience,” where vessels are registered in countries offering favourable regulations and taxation policies. A recent example is the Liberia-flagged crude oil tanker “Shenlong,” a Suezmax-class vessel transporting Saudi crude oil … Continue reading Ship Flagging — Example of Tanker “Shenlong”