Economy and Finance

A massive $6.3 billion cryptocurrency heist has put Binance under the spotlight, with blockchain investigators pointing fingers at North Korea's notorious TraderTraitor hacking unit.

In May 2026, Union Minister of Commerce and Industry, Piyush Goyal, announced that India has set a target of achieving exports worth $1 trillion in 2026 and $2 trillion over the next five years. Numbers indicate that India is heading on a credible path toward s $1 trillion worth of exports in FY 2026-27 with sustained momentum.

"India’s growth remained robust, underpinned by domestic demand and services, despite higher oil prices. China’s second-quarter performance was weaker than expected, at 4.3 percent year over year," the IMF report titled World Economic Outlook states. 

The Finance Ministry and National Payments Corporation of India confirmed that only nominal 0.4% charges will be levied on payments to merchants (P2M) transactions above ₹2,000. The revised UPI Merchant Discount Rate (MDR) will come into effect from 15th October 2026.

Global investment bank Jefferies has published a report titled India’s New Industrial Revolution, said that space, semiconductors, data centres, electronics, solar manufacturing and aerospace sectors could drive the next phase of India’s economic growth.

A simplified breakdown of the controversy surrounding India's 7.8% Q1 GDP growth. Understand base year revisions, double deflation, and the government's official FAQ without needing a finance degree.