IMF: Global Economy Weathered Strait of Hormuz Oil Shock via AI Investment Boom, Reserves Drawdown

India's Institutional Entrepreneurship in Green Finance: ISA, CDRI, BRICS+ Shape New Global Order

India is leveraging its G20 presidency, Global South summits, and initiatives like ISA, CDRI, and GBA to shape a new multipolar global financial order focused on green development. With climate finance needs surging and traditional MDBs struggling to meet targets, India's 'institutional entrepreneurship' offers a model for the Global South. This is a key topic for UPSC GS2 (International Relations) and GS3 (Economy, Environment).

Nepal FM Swarnim Wagle: $5 Billion Reconstruction Need, Reset in India-Nepal Ties, Overflight Rights

Nepal's Finance Minister Swarnim Wagle, in an exclusive interview, signals a reset in India-Nepal ties, seeking $5 billion for flood reconstruction, overflight rights for Pokhara and Bhairahawa airports, and a revised trade treaty. He rejects the old jingoistic equation of Nepali nationalism with anti-Indianism. This is crucial for UPSC IR, disaster management, and India's Neighborhood First policy.

Iran rial hits record low at 2.02 million/USD as US prepares fresh sanctions and Strait of Hormuz blockade

Iran's rial plunged to a record low of 2.02 million per USD as the US announced new sanctions. The war with Israel and US naval blockade have devastated Iran's economy, while Iran's control of the Strait of Hormuz threatens global oil supply. This is a critical geopolitical flashpoint with implications for India's energy security and global trade.

Graham Bill Targets India for Russian Oil, US Fed Hikes by 25 bps, Himalayan Monal Alters Calls: UPSC Daily

The Indian Express UPSC Key for September 19, 2026, covers a wide range of high-yield topics: the Graham Bill authorising 100% tariffs on Russian oil buyers (including India), US Federal Reserve rate hike of 25 basis points, a Himalayan monal study showing call frequency change due to human noise, India-China thaw at BRICS, Tata Sons boardroom battle, stubble burning red entry rules, new CBFC guidelines with drug warnings, and India's first mainstream PHEV. Each segment directly aligns with UPSC Prelims/Mains syllabus.

EU CBAM: Carbon Border Tax on Steel Imports to Cost India €190/Tonne from Feb 2027

The EU has implemented the Carbon Border Adjustment Mechanism (CBAM), a carbon tax on imports of steel, aluminium, cement, fertilisers, hydrogen, and electricity. For India, this is primarily a steel tax—$5.4 billion of its $6.3 billion CBAM-exposed exports to the EU in 2024 were iron and steel. With Indian steel emitting 2.54 tonnes of CO2 per tonne (vs. world avg. 1.9), the tax could cut exports by 24%, and BRICS has formally opposed it as protectionist in the New Delhi Declaration.

India's National Critical Mineral Mission Targets 1200 Exploration Projects, 50 Overseas Assets by 2030-31

Critical minerals like lithium, cobalt, rare earths are essential for EVs, solar, defense, and semiconductors. India's National Critical Mineral Mission aims to reduce import dependence by boosting domestic exploration (1200 projects by 2030-31) and acquiring 50 overseas mining assets, as global supply chains remain heavily concentrated in China.

Quad, G7 Launch Critical Minerals Initiative; India's NCMM Seeds ₹500 Cr Stockpile

As the world races towards green energy, securing supply chains for critical minerals like lithium, cobalt, and rare earths has become a geopolitical priority. The article explains why India must shift from stockpiling raw ores to processed minerals, and advocates for a multilateral stockpiling platform with dynamic price bands to avoid market shocks.

India's LNG Imports Rise 15.4% in May-July as US, Nigeria, Oman Offset Strait of Hormuz Crisis

India successfully diversified its LNG import sources during the Strait of Hormuz crisis, increasing imports by 15.4% in May-July 2026. The US became the top supplier, while imports from Qatar plummeted 91.3%, highlighting India's energy security strategy amid geopolitical turmoil.