India's formal credit flows surged 38% in FY26 to ₹44.6 lakh crore, with total outstanding credit crossing ₹300 lakh crore for the first time, driven by RBI's rate cuts and liquidity infusion.
India's March 2026 oil imports data showed Russian crude at record volumes, while OPEC's share dropped to an all-time low of 29% as India diversified away from Middle East suppliers.
India and New Zealand concluded Free Trade Agreement negotiations, with signing scheduled for April 27. New Zealand PM Christopher Luxon called it a 'once-in-a-generation deal' to double bilateral trade to $5 billion.
The UN projected India's GDP growth at 6.4% in 2026 and 6.6% in 2027, while the rupee plunged 32 paise to settle at 93.48 against the US dollar amid oil shock pressures.
A Syrian court began proceedings against ousted President Bashar al-Assad and allies, while India's SBI sought Supreme Court review of a ruling that 'spectrum' doesn't count as an asset in IBC proceedings.
FM Nirmala Sitharaman called for a unified KYC framework across the financial sector led by SEBI, while announcing a panel under SBI Chairman C.S. Setty to assess risks from AI platform 'Mythos'.
The US imposed preliminary anti-dumping duties of 123% on solar cells and modules imported from India, a potential blow to Indian solar exporters though with limited immediate domestic impact.
India is set for a major diplomatic offensive in May 2026, with PM Modi likely visiting Europe for the India-Nordic Summit and Italy/Netherlands bilaterals, while hosting the 4th India-Africa Forum Summit on May 31.
Ukrainian President Zelenskyy accused Russia of 'nuclear terrorism' as the world marked the 40th anniversary of the Chernobyl nuclear disaster, as Russia launched over 100 drones overnight into Ukraine.
