Current Affairs

News & Analysis · 16 June 2026 · Indian Economy

Syllabus-mapped editorials, PIB updates, reports, judgments, and policy news for prelims and mains revision.

16 June 2026

GS-3News & Analysis16 Jun 2026thehindu.com

Odisha marine fishers stop going to sea for fishing due to “abnormal” diesel cost

Marine fishers in Odisha, under the Odisha Marine Fish Producers Association (OMFPA), have halted fishing operations due to an 'abnormal' increase in diesel costs. They are forced to buy diesel at bulk industrial rates (₹140-142/litre) from harbour outlets, significantly higher than retail rates (₹99-101/litre), making deep-sea fishing unsustainable. The association highlights that other states like Andhra Pradesh and Gujarat provide diesel subsidies, which Odisha fishers lack. This issue, combined with rising operational expenses, declining fish availability, and reduced fishing days due to environmental bans (e.g., for Olive Ridley sea turtles) and erratic weather, has severely impacted the livelihoods of 1.5 million families dependent on the sector.

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GS-3News & Analysis16 Jun 2026thehindu.com

Export duty on diesel, ATF hiked with petrol unchanged

The government has increased the export duty on diesel to ₹14 per litre and on aviation turbine fuel (ATF) to ₹12.5 per litre, while keeping the levy on petrol unchanged at ₹1.5 per litre, effective from June 16, 2026. This decision, part of a fortnightly review by the Central Board of Indirect Taxes & Customs (CBIC), aims to ensure adequate domestic availability of petroleum products by disincentivising exports, a measure initially implemented in March 2026 in response to the West Asia crisis. Excise duty rates for domestic consumption remain unchanged.

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