Economy

The Indian government has approved a broad package of projects and policy initiatives valued at ₹39,290 crore (approximately $4 billion), aimed at strengthening economic growth, improving transportation networks, and enhancing operational efficiency across key sectors. The measures encompass aviation fuel price management, urban mobility reforms, and major national highway development projects. The investment reflects New Delhi’s continued emphasis on infrastructure-led growth as a driver of economic expansion, job creation, and long-term competitiveness.

The Government of India has increased import duties on gold and certain precious metal products, with the revised rates coming into effect immediately. The move comes at a time when global precious metal markets are experiencing heightened volatility amid geopolitical tensions in West Asia.

According to a statement issued by the Ministry of Finance, gold and silver findings—components used in jewellery manufacturing such as clasps, hooks and other fittings—will now attract an import duty of 5%. Similarly, platinum findings will face a 5.4% import duty.

Residents of Mumbai and nearby regions will face higher fuel expenses after Mahanagar Gas Ltd (MGL) raised the prices of Compressed Natural Gas (CNG) and Domestic Piped Natural Gas (D-PNG) on May 30, 2026.

The company increased CNG prices by ₹2 per kilogram, marking the second price hike within just 16 days. MGL also raised domestic piped natural gas (D-PNG) rates by ₹0.50 per standard cubic metre (SCM).