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May 11, 2026
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MSME growth strategy turns on AI adoption, export expansion, and global supply chain integration for scale.
Bombay Industries Association installed Dr. Rajesh Doshi as its 62nd President and set a growth-oriented agenda for MSMEs. The leadership programme focuses on artificial intelligence, digital adoption, global supply chain integration, and export market expansion. It also identifies financing gaps, technology deficits, and governance challenges as barriers to MSME scaling, while announcing initiatives such as a revived knowledge platform, defence-sector linkage, AI training, partnerships for financial and export support, and wider cluster outreach.
May 11, 2026
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ODOP honey export from Baksa advances farmer-led exports, quality compliance, and stronger market access for rural producers.
ODOP honey from Baksa district in Assam was exported to the USA in the first-ever consignment through APEDA facilitation, marking a step in promoting district-specific agricultural products under the One District One Product initiative. APEDA supported the export by strengthening processing-facility infrastructure, including testing and laboratory equipment, to help meet international quality standards and food safety requirements. The initiative is presented as a means of improving value addition, expanding export growth, integrating farmers from Aspirational Districts into global value chains, and generating better price realisation for local beekeepers and farmers.
May 11, 2026
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Crude oil price surge and West Asia tensions weigh on stock markets as foreign exchange conservation measures intensify
Stock markets fell in early trade as rising crude oil prices and renewed West Asia tensions weighed on sentiment, with Brent crude higher and supply disruption concerns returning to focus. The pressure was linked to the risk of a wider current account deficit and foreign exchange outflows, while the reported response emphasised conserving foreign exchange through lower fuel use, public transport, carpooling, electric vehicles, postponement of gold purchases, and deferment of foreign travel.
May 11, 2026
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Foreign exchange conservation drives fuel, gold and travel restraint amid West Asia conflict concerns.
Calls for conserving foreign exchange and reducing dependence on imported inputs amid the West Asia conflict by urging citizens to use petrol and diesel judiciously, defer gold purchases and foreign travel, and adopt lower-consumption and efficiency measures such as metro travel, carpooling, electric vehicles, rail-based parcel movement, work-from-home arrangements, virtual meetings and video conferencing. The policy emphasis is on protecting the economy from supply-chain pressure and inflationary effects while promoting self-reliance through reduced fuel use, lower edible oil consumption, less chemical fertiliser use, natural farming and greater use of Swadeshi products.
May 11, 2026
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Rupee weakness deepens as higher crude prices, stronger dollar and foreign outflows pressure early trade.
The rupee weakened sharply in early trade after higher crude oil prices, a stronger US dollar, and foreign portfolio investor outflows added pressure. It opened lower against the US dollar and traded near 94.90 after a steep fall from the previous close, while domestic equities declined and forex reserves were reported lower in the latest weekly update.
May 10, 2026
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Seafood export market access expanded through EU engagement, quality controls, and removal of regulatory bottlenecks after tariff pressure.
India secured access to the European Union seafood market through active trade engagement after the United States imposed steep tariffs on Indian seafood exports. The government addressed regulatory bottlenecks that had limited Indian shipments, including the restoration of previously delisted fishery establishments through quality control orders and standards, and more than 125 Indian fishery establishments were registered for access to the EU market. The move formed part of a wider export strategy focused on long-term trade opportunities, export growth, manufacturing, and employment.
May 10, 2026
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Political targeting allegations drive AAP protests across Punjab over ED action against Sanjeev Arora.
AAP held protests across Punjab against the BJP-led Centre over Enforcement Directorate action against Punjab Industries Minister Sanjeev Arora, alleging misuse of central investigative agencies and political targeting of Opposition leaders. The ED had arrested Arora after raids in connection with an alleged money laundering case linked to an alleged GST fraud involving entities associated with him, and the arrest was made under the Prevention of Money Laundering Act.
May 10, 2026
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Fuel pricing pressure forces oil marketing companies to absorb under-recoveries, straining working capital and energy security investments.
State-owned oil marketing companies have been absorbing rising crude and LPG input costs to keep petrol, diesel and cooking gas supplies uninterrupted at prices below cost during the global energy shock. The resulting under-recoveries are putting pressure on balance sheets, working capital and future investment capacity, while government excise duty cuts have partly softened the burden on consumers. The report links sustained stress to energy security, infrastructure expansion and energy transition priorities.
May 10, 2026
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GST fraud and money laundering probe led to ED custody in alleged fake invoice and Input Tax Credit case.
Enforcement Directorate action under the PMLA was taken in relation to alleged GST fraud and money laundering involving fake purchases of mobile phones, use of non-existing firms, and allegedly false claims of Input Tax Credit. The agency alleged that the transactions were linked to subsequent exports used to round-trip illegitimate funds from Dubai to India. A Gurugram special PMLA court remanded Punjab Industries Minister Sanjeev Arora to seven days' ED custody after his arrest from Chandigarh.
May 9, 2026
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GST input tax credit and alleged round-tripping dispute concerns mobile phone exports, supplier-side fraud claims, and regulatory cooperation.
Hampton Sky Realty Limited stated that it was cooperating with statutory authorities and would place relevant records before the appropriate fora. The company denied any round-tripping or bogus export arrangement, said its mobile phone exports were verified at multiple statutory stages, and asserted that no funds were retained offshore or routed back. It also said the GST issue concerned a small number of domestic suppliers, payments were made through banking channels, returns were filed regularly, and the disputed GST amount had already been deposited and was under appeal.
May 9, 2026
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EU-India partnership deepens through trade, security, mobility and strategic cooperation with a new five-year agenda.
The European Union and India have described their partnership as increasingly ambitious, progressive and strategically significant, with both sides portraying the relationship as having moved to a new qualitative level. Major takeaways highlighted include a joint strategic agenda for the next five years, completion of negotiations for a free trade agreement, a security and defence partnership pact, and a comprehensive mobility framework. The dialogue is also linked to broader economic engagement, global stability, support for Ukraine, and the view that the EU is fundamentally a peace project.
May 9, 2026
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Prevention of Money Laundering Act action draws political vendetta allegations over raid and arrest of Punjab minister
Enforcement Directorate action under the Prevention of Money Laundering Act was reported against Punjab industries minister Sanjeev Arora in connection with an alleged GST fraud-related money laundering case involving linked entities. Officials said he was arrested after raids at his residence, while Aam Aadmi Party leaders alleged the action was politically motivated, reflected misuse of central investigative agencies, and amounted to intimidation and harassment rather than genuine investigation.
May 9, 2026
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Money laundering probe alleges diversion of loan repayments through shell entities and fake RTGS instructions in Sravanthi Group case.
Money laundering allegations arose from an ED probe into the Sravanthi Group and entities controlled by D V Rao, including DJW Electric Power Projects Private Ltd and Sravanthi Energy Private Limited. The investigation alleged misuse of RTGS repayment instructions, diversion of loan repayments to shell entities, and routing of funds through fake lender details. The ED stated that the probe had identified proceeds of crime of about Rs 284 crore across the connected transactions, with a separate component of alleged loan fraud of about Rs 58 crore.
May 9, 2026
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Money laundering probe under PMLA draws political accusations of agency misuse after arrest and multi-location searches.
The Enforcement Directorate arrested a Punjab industries minister in a money laundering case under the Prevention of Money Laundering Act after raids at multiple locations. The investigation was linked to alleged fraudulent GST transactions and entities associated with the accused, while officials said he was non-cooperative during questioning. Congress leaders alleged that central and state agencies were being used to intimidate political opponents.
May 9, 2026
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Money laundering probe over alleged fake GST invoices and round-tripping leads to arrest of Punjab minister.
The Enforcement Directorate arrested Punjab industries minister Sanjeev Arora in a fresh Prevention of Money Laundering Act case linked to alleged GST fraud-related laundering. The probe concerns fake GST purchases, false input tax credit claims through non-existing firms, and alleged round-tripping of illegitimate funds through exports, following earlier FEMA searches, asset attachment, and related investigations involving entities linked to him.
May 9, 2026
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EU-India partnership deepens through free trade, security and mobility ties, with peace and stability central to cooperation.
The European Union and India have deepened their partnership through a joint strategic agenda, a concluded free trade agreement, a security and defence pact, and a mobility framework. The relationship is presented as strategically significant, with both sides described as trusted partners promoting global stability, prosperity and cooperation. The free trade agreement is expected to strengthen two-way trade, while the broader partnership is linked to peace, stability and support for Ukraine.
May 9, 2026
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Comprehensive Economic Partnership Agreement negotiations advance as India and Canada conclude the second round of talks.
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May 9, 2026
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Trade and investment cooperation under TEPA gains momentum as India and Switzerland deepen regulatory engagement and business linkages.
India-EFTA TEPA implementation was advanced through discussions in Switzerland on trade, investment and business utilisation, with emphasis on resolving implementation issues early, reducing non-tariff barriers and strengthening regulatory cooperation. TEPA was presented as India's first trade agreement with the EFTA economies and its first operational trade arrangement with a European economic bloc, offering market access on 92.2% of tariff lines covering 99.6% of India's exports while safeguarding sensitive sectors. The engagement also targeted investment and technology partnerships in key industrial sectors.
May 9, 2026
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Affordable social security protection through Jan Suraksha schemes expands low-cost insurance and pension coverage for eligible account holders.
Affordable social security protection is extended through the Jan Suraksha framework comprising Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana, each designed to provide low-cost insurance or pension support through banks, post offices and participating institutions. PMJJBY provides life insurance cover for death due to any cause, PMSBY provides accidental death and disability cover, and APY provides guaranteed minimum monthly pension support for eligible bank account holders under the National Pension System architecture.
May 8, 2026
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Critical currency shortage strains rural cash access as banks limit withdrawals and face shortage of higher denomination notes.
Critical currency shortage in Nanded and parts of Marathwada prompted a letter to the RBI over limited cash availability during the wedding season and pre-sowing period. Banks reportedly imposed restrictions on high-value withdrawals, advised digital transactions, and dispensed smaller denomination notes because RBI cash supply was only a fraction of local demand, with Rs 500 notes in short supply.

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News and Press Release

Flash Report on Central Sector Infrastructure Projects worth ₹150 crore and above

May 25, 2026

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PAIMANA Portal Tracks 1,981 Infrastructure Projects worth ₹42.78 lakh crore as of April 2026

The Ministry of Statistics and Programme Implementation (MoSPI) continues to strengthen monitoring of Central Sector infrastructure projects through its PAIMANA platform, enabling improved tracking, timely reviews, and data-driven decision-making across Ministries. The portal tracks 1,981 Infrastructure Projects worth of ₹42.78 lakh crore as of April 2026.

Key Highlights

  • As of April 2026, 1,981 ongoing infrastructure projects, with a total revised cost of ₹42.78 lakh crore, are being monitored across 17 Central Ministries/Departments. The cumulative expenditure incurred on these projects stands at ₹20.36 lakh crore, accounting for approximately 47.59 per cent of the revised project cost, indicating steady progress in project implementation.
  • A significant proportion of projects are at advanced stages, with 801 projects (~40%) achieving over 80% physical progress, while 277 (~14%) have crossed 80% financial completion. The data also reflects a balanced pipeline, with projects distributed across early and advanced stages of implementation.
  • The Transport & Logistics sector (as per the DEA’s Harmonized Master List) accounts for the highest number of ongoing projects (1459 projects), with revised estimates of ₹23.34 lakh crore underscoring priority to connectivity-driven infrastructure growth.
  • 1,981 ongoing infrastructure projects include 814 Mega projects (project cost of ₹1,000 crore & above) with an original cost of ₹31.63 lakh crore, and 1,167 Major projects (project cost below ₹1,000 crore and up to ₹150 crore) amounting to ₹5.49 lakh crore.
  • Physical and financial progress broadly move in tandem, with a large number of projects clustered at the initial (0–20%) and advanced (81–100%) stages, indicating a pipeline of newly-started projects alongside many nearing completions. While physical progress exceeds financial progress in the 81–100% range, financial progress is relatively higher in the early stages, reflecting upfront expenditure patterns in project implementation.

2.   Ministry/ Departments-wise progress of Infrastructure Projects

  • Ministry of Road Transport & Highways accounts for the highest number of projects, with 1137 projects (57%), and also commands the largest share of total revised project cost of ₹10.81 lakh crore (25%), highlighting its central role in national infrastructure development.
  • Ministry of Railways is implementing 260 projects (13%), and constitutes the second largest share of total revised project cost at ₹8.69 lakh crore (20%).
  • Ministry of Coal accounts for implementing 128 projects (7%), with a total revised project cost of ₹2.49 lakh crore (6%).
  • The Ministry of Petroleum & Natural Gas, Ministry of Power, Ministry of Housing & Urban Affairs, and the Department of Water Resources, River Development & GR are implementing 112, 102, 51, and 48 projects, with associated revised costs of ₹5.19 lakh crore, ₹5.53 lakh crore, ₹3.75 lakh crore, and ₹2.25 lakh crore, respectively.
  • The remaining 143 projects (7%), with a total revised cost of ₹4.08 lakh crore (10%), are distributed across various Ministries/Departments including Higher Education, Civil Aviation, Steel, Telecommunications, Labour & Employment, Ports, Shipping & Waterways, Health & Family Welfare, Mines, DPIIT, and Sports. (Refer Annexure)

3.  Sector-wise (as per DEA’s Harmonized Master List of Infrastructure) Progress of Infrastructure Projects

  • Transport & Logistics remains the dominant sector, accounting for 55% of total revised cost (₹23.34 lakh crore) across 1,459 projects (74 % of the total Projects), underscoring the central role of Roads & Highways, Railways, Aviation, Urban Public Transport, Shipping, and Inland Waterways in economic integration and logistics efficiency.
  • The Energy sector follows with 27% of aggregated revised cost (₹11.30 lakh crore) across 221 projects, reflecting sustained emphasis on Oil & Gas infrastructure, electricity generation, transmission and distribution networks, and energy storage systems.
  • Communication infrastructure, with a revised cost of ₹2.73 lakh crore (6%) across 12 projects, represents targeted interventions aimed at strengthening digital connectivity.
  • Water & Sanitation projects account for ₹2.30 lakh crore (5%) across 67 projects, highlighting continued focus on essential urban services.
  • Social & Commercial infrastructure, comprising 77 projects with a revised cost of ₹0.91 lakh crore (2%), reflects selective investments in education, healthcare, real estate, and tourism, hospitality and wellness.
  • Projects classified under ‘Others’, amounting to ₹2.21 lakh crore (5%) across 145 projects, indicate diversification across sectors such as coal, steel, metals, and mining.

(Refer Annexure II)

4.   Completed Projects and New Additions

  • During April 2026, 9 projects were commissioned, including major assets in Housing & Urban Affairs, Railways, Power, Road Transport & Highways, and Labour & Employment. Notable commissioned projects include the “Flyover at Km.544.650 including ROB, Service Roads, Footpath for RCC drains on urban link to Nagpur-Raipur Road Pardi octroi Naka to Itwari (₹ 758.4 crore)” from Ministry of Road Transport & Highways, “Transmission system for evacuation of power from REZ in Rajasthan 20GW under Phase-III Part E1 (₹ 688.74crore)from Ministry of Power and “Jabalpur Sewerage Management and Treatment Infrastructure Project (₹ 362.31 crore)”  ” from Ministry of Housing & Urban Affairs.
  • During April 2026, 55 additional projects were brought under the monitoring of PAIMANA. The projects are from the Ministry of Road Transport & Highways, Ministry of Railways, Ministry of Power, Department for Promotion of Industry & Internal Trade, Ministry of Petroleum & Natural Gas, Ministry of Coal, Ministry of Housing & Urban Affairs, Department of Higher Education. These include:
    • Project - “Bangalore Metro Rail Project - PHASE-3” (₹ 15,611 crore) of Ministry of Housing & Urban Affairs.
    • “Kalai-II Hydro Electric Project [1200 MW]” (₹ 14,105.83 crore) of Ministry of Power.
    • “Development of Zaheerabad Node under Hyderabad Nagpur Industrial Corridor” (₹ 2,360 crore) of Department for Promotion of Industry & Internal Trade.

5.   Next date of Press Release: Flash Report for the month of May 2026 would be released on 25th June 2026.

Note

  1. The press release summarizes highlights from the MoSPI’s Flash Report (April 2026) on Central Sector Infrastructure Projects (₹150 crore and above), available at,  https://paimana-proj.mospi.gov.in/ or via the QR code.

  1. PAIMANA is a centralized web-based portal for monitoring of Central Sector Infrastructure Projects worth ₹150 crore and above. Operating on the "one data, one entry" principle, it integrates with DPIIT’s IPMP portal via APIs to automatically update more than 70% of project data from various Ministries/Departments. PAIMANA also serves as a national repository designed to standardize infrastructure monitoring and support informed decision-making for nation-building.

Annexure I

Ministry/ Departments-wise progress of Central Sector Infrastructure Projects

S. No

Ministry/ Department

Project Count (number)

Revised Cost

(₹ Lakh cr.)

Cumulative Expenditure           (₹ Lakh cr.)

1

Ministry of Road Transport & Highways

1137

10.81

3.70

2

Ministry of Railways

260

8.69

5.79

3

Ministry of Coal

128

2.49

0.80

4

Ministry of Petroleum & Natural Gas

112

5.19

3.03

5

Ministry of Power

102

5.53

2.01

6

Ministry of Housing & Urban Affairs

51

3.75

2.00

7

Department of Water Resources, River Development & GR

48

2.25

1.62

8

Department of Higher Education

30

0.15

0.08

9

Ministry of Civil Aviation

26

0.23

0.11

10

Ministry of Health & Family Welfare

23

0.21

0.08

11

Ministry of Steel

19

0.23

0.10

12

Department of Telecommunications

12

2.73

0.77

13

Ministry of Labour and Employment

11

0.03

0.02

14

Department for Promotion of Industry & Internal Trade

8

0.16

0.02

15

Ministry of Ports, Shipping and Waterways

7

0.20

0.15

16

Ministry of Mines

6

0.12

0.07

17

Department of Sports

1

0.01

0.01

 

Grand Total

1981

42.78

20.36

Annexure II

Sector-wise (as per DEA’s Harmonized Master List of Infrastructure) progress of Central Sector Infrastructure Projects

S. No

HML Category

Project Count

(number)

Revised Cost      (₹ Lakh cr.)

Cumulative Expenditure      (₹ Lakh cr.)

1

Transport & Logistics

1459

23.34

11.59

2

Energy

221

11.30

5.33

3

Water & Sanitation

67

2.30

1.65

4

Communication

12

0.91

0.77

5

Social & Commercial

77

2.73

0.35

6

Others

145

2.21

0.67

 

Total

1981

42.78

20.36

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***

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