Daily digests (5-8 items/day).
India hosted the BRICS Foreign Ministers' Meeting in New Delhi on 14 May 2026 as BRICS chair. EAM said the world faces unprecedented uncertainty that hurts developing countries through energy, food and fertiliser pressures. India set out four priorities under BRICS@20: Resilience, Innovation, Cooperation and Sustainability, and pressed for reform of the UN Security Council.
14 May 2026
Indian Railways recorded a 170% rise in cement movement in the four months after its November reforms. The reforms use Make in India bulk cement tank containers and a bulk cement terminal policy. Next, Railways wants a bigger share of fly ash: about 300 million tonnes are produced, but only about 13 million tonnes now move by rail.
14 May 2026
An Indian-flagged ship was attacked off the coast of Oman on 13 May 2026. MEA called the attack unacceptable and deplored the continued targeting of commercial shipping and civilian mariners. All Indian crew were safe, and India thanked Omani authorities for rescuing them. India said freedom of navigation and commerce must not be impeded.
14 May 2026
WPI inflation (base 2011-12) jumped to 8.30% in April 2026, up from 3.88% in March. Fuel & Power inflation was 24.71% and crude petroleum 88.06%. Primary articles rose 9.17% and manufactured products 4.62%. Food index inflation stayed low at 2.31%. CPI inflation for April was only 3.48%, so producers felt the oil shock first.
14 May 2026
On 13 May 2026 the Cabinet approved a ₹37,500 crore scheme for surface coal and lignite gasification. It pays up to 20% of plant and machinery cost through competitive bidding and targets gasifying about 75 million tonnes of coal. The aim is to cut imports of LNG, urea, ammonia and methanol. Coal linkage tenure goes up to 30 years.
13 May 2026
The Department of Justice released ₹401.50 crore on 13 May 2026, the first instalment of the mother sanction for 2026-27 under the Centrally Sponsored Scheme for district and subordinate court infrastructure. Since inception, ₹12,844.72 crore has been released, building 6,345 court halls and 4,023 residential units by 31 March 2026. A five-year extension to 2030-31 is under process.
13 May 2026
A tripartite MoU signed on 20 April 2026 by HD Korea Shipbuilding & Offshore Engineering, NSHIP-TN and Sagarmala Finance Corporation will develop India's first mega greenfield shipyard at Thoothukudi, Tamil Nadu. Planned capacity is 2.5 million gross tonnage a year, with about 15,000 direct jobs. It came under the India–Korea VOYAGES maritime framework.
13 May 2026
The CCEA approved MSP for 14 kharif crops for marketing season 2026-27 on 13 May 2026. Common paddy gets ₹2,441 per quintal, up ₹72. The biggest absolute rise is for sunflower seed (₹622), then cotton (₹557), nigerseed (₹515) and sesamum (₹500). Moong gives the highest margin over cost at 61%; most crops get 50%.
13 May 2026
The Union Cabinet on 13 May 2026 extended the lease of AAI land to MIHAN India Limited beyond 6 August 2039. MIL can now license Nagpur airport to GMR Nagpur International Airport Limited for 30 years from the operation date. It follows a Supreme Court ruling of 27 September 2024. The target capacity is 30 million passengers a year.
13 May 2026
The Indian Cyber Crime Coordination Centre (I4C) of MHA and the Reserve Bank Innovation Hub (RBIH) signed an MoU on 12 May 2026 to fight mule accounts. I4C will share mule-account intelligence and suspect identifiers from its Suspect Registry. RBIH will use the data to train AI fraud models such as MuleHunter.ai, which banks already use.
12 May 2026