5141: Govt’s war relief package, BJP’s WB campaign blitz in data & credit card benefits get a trim | MC Editor's Picks

The government is preparing a Rs 2.5 lakh crore credit guarantee scheme to support sectors such as aviation and MSMEs hit by the West Asian war. Airlines have warned of severe stress as fuel costs rise, while the UAE’s exit from OPEC and OPEC+ could reshape global energy markets. Despite this uncertainty, EV demand remains robust, with electric car sales jumping 47% and two-wheeler registrations rising 28% in April. Sun Pharma, after its record Organon acquisition, plans to seek RBI approval for foreign remittance exemptions tied to corporate guarantees. Markets regulator Sebi is also considering a uniform framework for options strike prices to improve trading efficiency. Meanwhile, banks are cutting credit card perks, with airport lounge access among the first benefits to be capped.