Image

India Back on EU Draft List for Aquaculture Exports After Earlier Omission

May 15, 2026

OVERVIEW

The European Union has included India in a revised draft list for continued exports of aquaculture products. The draft list was published on 12 May 2026. This is important for Indian seafood exports to the 27‑member bloc. Earlier, India was omitted from an EU regulation issued on 4 October 2024. That regulation would have stopped Indian exports of animal products to the EU from September 2026. Now, the new draft list allows export continuity beyond September 2026. During 2025‑26, the EU was India’s third‑largest seafood export market, with farmed shrimp making up a major share.

Month: 

Category: 

BRICS Foreign Ministers Meet in New Delhi-India Prepares for 2026 Chairmanship

May 14, 2026

OVERVIEW

The BRICS Foreign Ministers Meeting began on 14 May 2026 in New Delhi. External Affairs Minister S. Jaishankar is chairing the two-day meeting. This is an important event because India will become the BRICS Chair for 2026. The meeting brings together foreign ministers and senior delegates from BRICS member and partner countries. They will discuss global geopolitics, regional security, economic cooperation, and reforms in international institutions like the UN. The delegates will also meet Prime Minister Narendra Modi during the event.

Month: 

Category: 

Indian Commercial Ship Attacked Off Oman Coast-All Crew Members Safe

May 14, 2026

OVERVIEW

On 13 May 2026, an Indian-flagged commercial vessel came under attack off the coast of Oman. Fortunately, all Indian crew members on board were reported safe after the incident. The Ministry of External Affairs (MEA) condemned the attack on 14 May 2026, calling it unacceptable. India thanked Omani authorities for their quick action in rescuing the mariners. The attack happened in a critical sea lane near Oman, close to the Strait of Hormuz – a key route for global trade and energy transport.

Month: 

Category: 

RBI Cancels Sarvodaya Co-operative Bank’s Licence-Depositors Safe Up to Rs5 Lakh

May 14, 2026

OVERVIEW

The Reserve Bank of India (RBI) has cancelled the licence of Sarvodaya Co-operative Bank Ltd, Mumbai. The order came on 12 May 2026 after business hours. The bank can no longer do any banking work. No deposits, no withdrawals, no loans. But there is good news for customers. Deposits up to Rs5 lakh are fully protected by the Deposit Insurance and Credit Guarantee Corporation (DICGC). About 98.36% of depositors will get their full insured money. The bank failed due to weak finances and regulatory non-compliance.

Month: 

Category: 

India to Build Deep-Sea Gas Pipeline from Oman to Gujarat

May 14, 2026

Overview

India is planning a new natural gas pipeline from Oman to Gujarat. The pipeline will start at Ras Al Jifan in Oman and end at Porbandar in Gujarat. It will run deep under the Arabian Sea. The total length will be about 1,600 to 2,000 km. The deepest point will be around 3,450 metres.

Month: 

Category: