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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14 India’s economic growth journey huge opportunity for international partners: Kwatra From diesel to daylight: How government solar schemes are powering India’s farmers The next energy leap: Replicating ethanol’s success in diesel Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Windfall levy on export bound diesel, ATF raised India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Central Railway to run four special local trains for Ambedkar Jayanti Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains West Asia Crisis: Induction cooking may consume 13-27 GW power Govt defers power plant maintenance for three months; 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Red alert issued as heatwave sweeps UP
By PTI · 2026-05-22 · via Economy News, Latest Economic News Today | The HinduBusinessLine
People use umbrellas to shield themselves from the scorching sun amid severe heatwave conditions, with temperatures ranging between 40°C and 44°C, in Vijayawada on Tuesday, May 19, 2026. Photo: G.N. Rao/The Hindu

People use umbrellas to shield themselves from the scorching sun amid severe heatwave conditions, with temperatures ranging between 40°C and 44°C, in Vijayawada on Tuesday, May 19, 2026. Photo: G.N. Rao/The Hindu | Photo Credit: RAO GN

The Meteorological Centre here has issued a red alert for 10 districts in the state for Friday, warning of "severe" to "very severe" heatwave conditions.

The alert has been issued for Banda, Chitrakoot, Kaushambi, Prayagraj, Fatehpur, Pratapgarh, Mirzapur, Varanasi, Bhadohi and Jaunpur districts, where severe heatwave conditions are likely during the day.

An orange alert has been sounded for 34 districts, including Baghpat, Meerut, Ghaziabad, Hapur, Gautam Buddh Nagar, Bulandshahr, Aligarh, Mathura, and Agra.

The weather office has also issued a yellow alert for 17 districts, including Deoria, Lakhimpur Kheri, Sitapur, Hardoi, Farrukhabad, Lucknow, Barabanki, and Ayodhya.

The MeT said maximum temperatures are likely to rise gradually by 2-3 degrees Celsius in eastern Uttar Pradesh over the next 48 hours, while no major change is expected elsewhere during the week.

Under the warning classification issued by the weather office, a yellow alert means people should remain updated, as heatwave conditions may persist for two days.

An orange alert advises residents and authorities to remain prepared as severe heatwave conditions may continue for two days or heatwave conditions of varying intensity may persist for four days or more.

A red alert calls for immediate action as severe heatwave conditions are likely to continue for more than two days and pose a serious risk to public health.

An intense heat wave swept Uttar Pradesh on Thursday, with Banda recording the highest maximum temperature in the state at 47.6 degrees Celsius.

Prayagraj recorded 46.6 degrees Celsius, followed by Varanasi (BHU) at 45.6 degrees Celsius, Sultanpur and Hamirpur at 45.2 degrees Celsius each, Fursatganj at 45.1 degrees Celsius, and Jhansi at 44.8 degrees Celsius.

Lucknow recorded a maximum temperature of 43.6 degrees Celsius, 3.4 degrees above normal, while the minimum temperature settled at 29 degrees Celsius, 3.5 degrees above normal.

The city reported maximum relative humidity of 59 per cent and minimum humidity of 15 per cent, according to the MeT.

Chief Minister Yogi Adityanath has directed all departments to remain on full alert and ensure measures to prevent heat-related illnesses, while instructing district administrations, hospitals, power and relief departments to maintain adequate stocks of medicines, beds, IV fluids, drinking water and round-the-clock ambulance services, besides ensuring preparedness against fires.

The India Meteorological Department has attributed the prevailing extreme conditions to the absence of any active weather system, clear skies leading to enhanced radiational heating and hot, dry westerly winds.

Published on May 22, 2026