Economy Archives - Daily Tips

India power demand record 265 GW heatwave

India Power Demand Shatters All Records at 265 GW as Deadly Heatwave Pushes Temperatures Past 48 Degrees Celsius Across Northern India

May 30, 2026May 30, 2026Gaurav Thakur

India’s peak power demand has hit an all-time record of 265.44 GW as severe heatwave conditions persist across northern and central India. Temperatures have crossed 48°C in Uttar Pradesh, with Delhi recording its warmest May night in 14 years. [...]

Supreme Court Upholds 28% GST on Online Fantasy Gaming — Landmark Verdict Could Wipe Out India’s Rs 1 Lakh Crore Online Gaming Industry

May 28, 2026May 28, 2026Rohit Joshi

The Supreme Court delivered a double blow to India’s online gaming industry on Wednesday, upholding the retrospective 28% GST levy on the full bet value for fantasy sports and online gaming platforms, paving the way for tax recovery of approximately Rs 1 lakh crore from around 80 companies. [...]

India and Canada to Conclude CEPA by November — PM Carney Calls Comprehensive Trade Deal a ‘Game Changer’ for Both Nations

May 27, 2026May 27, 2026Anjali K.

India and Canada have agreed to conclude the Comprehensive Economic Partnership Agreement by November 2026, with Canadian PM Mark Carney calling the trade deal a ‘game changer’ after meeting Commerce Minister Piyush Goyal on the sidelines of a bilateral forum. [...]

Tamil Nadu CM Vijay Announces Farm Loan Waiver Worth Rs 2,044 Crore Benefiting 14.2 Lakh Farmers

May 26, 2026May 26, 2026Gaurav Thakur

Tamil Nadu Chief Minister C. Joseph Vijay announces complete waiver of cooperative crop loans up to Rs 50,000 for marginal farmers. The scheme covers 14.2 lakh farmers and costs Rs 2,044 crore. Large farmers to get Rs 5,000 waiver each. [...]

CNG Prices Hiked by Rs 2 Per Kg in Delhi — Third Increase in Under Two Weeks as Iran War Drives Energy Costs Higher

May 26, 2026May 26, 2026Anjali K.

CNG prices in Delhi have been hiked by Rs 2 per kg, marking the third increase in less than two weeks. The new price stands at Rs 83.09 per kg amid rising global energy costs driven by the Iran war. Check latest rates in Noida, Gurugram, and other NCR cities. [...]

Petrol Diesel Prices Hiked for Fourth Time in 13 Days — Petrol Crosses Rs 102 in Delhi as Cumulative Rise Tops Rs 7.50 per Litre

May 25, 2026May 25, 2026Anjali K.

Petrol and diesel prices were increased for the fourth time in under two weeks on May 25, with petrol now costing Rs 102.12 per litre in Delhi and diesel at Rs 95.20. The cumulative hike has crossed Rs 7.50 per litre. [...]

RBI Approves Record ₹2.87 Lakh Crore Dividend to Government for FY26 — 7% Jump Over Last Year

May 24, 2026May 24, 2026Anjali K.

The Reserve Bank of India (RBI) has approved a record surplus transfer of ₹2,86,588.46 crore (approximately ₹2.87 lakh crore or $31.2 billion) to [...]

Petrol Diesel Prices Hiked for Third Time in 9 Days — Cumulative Rise Crosses ₹5 per Litre

May 24, 2026May 24, 2026Anjali K.

Indian consumers are feeling the pinch as petrol and diesel prices have been hiked for the third time in just nine days, taking [...]

Venezuela Overtakes Saudi Arabia to Become India Third Largest Crude Oil Supplier

Venezuela Overtakes Saudi Arabia and US to Become India Third Largest Crude Oil Supplier in May 2026 Amid West Asia Crisis

May 23, 2026May 24, 2026Anjali K.

Venezuela has emerged as India’s third-largest crude oil supplier in May 2026, overtaking Saudi Arabia and the United States as Indian refiners pivot to cheaper Venezuelan crude amid ongoing disruptions in West Asia. [...]

India Electricity Demand Hits All-Time Record as Severe Heatwave Pushes Delhi to 43 Degrees Celsius and Power Grid Faces Unprecedented Strain

May 22, 2026Gaurav Thakur

India’s electricity demand has surged to an all-time record as a severe heatwave scorches North India, with Delhi recording 43.4°C — the hottest May temperature in two years — and power grid operators scrambling to meet unprecedented load. [...]