Top Stories | Sheikh Hasina sentenced to death, India opens LPG imports to US, 16th Finance Commission submits report and more

India’s policy, trade and corporate landscape entered a pivotal week marked by major economic decisions, geopolitical tremors and critical industry shifts.

Former Bangladesh Prime Minister Sheikh Hasina’s

conviction and death sentence by the International Crimes Tribunal dominated geopolitical headlines, coming alongside tragic news from Saudi Arabia, where at least 45 Indians died in a bus–tanker collision near Medina.

Back home, October’s trade data showed stress points, with gems and jewellery exports plunging 31% amid weak global demand and tariff pressures. India also opened its LPG market to the US for a full year, even as New Delhi and Washington pushed ahead with trade talks centred on reciprocal tariffs and market access.

The 16th Finance Commission submitted its 2026–31 report ahead of schedule, while Kotak Mahindra Bank outlined its next phase of digital-led growth. The week also saw updates on Mumbai’s CNG disruption, India’s electronics ecosystem push and IndiGo’s Navi Mumbai airport debut. Read on to know more!

Stay with us for all the latest updates and expert takes—there’s plenty to unpack!

Gems and jewellery exports fall 31% in October; tariffs and weak global demand weigh on trade



India’s gems and jewellery sector reported a sharp contraction in October, as trade data released by the Gem & Jewellery Export Promotion Council (GJEPC) showed broad-based declines across key product categories.



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India opens its LPG market to the US for a year



In a significant development, India's state-owned oil refiners have successfully concluded a one-year deal for the import of around 2.2 million tonnes of liquified petroleum gas (LPG) from the US Gulf Coast.



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India–US trade talks underway, says Commerce Ministry with reciprocal tariffs, market access on the table



The ongoing trade discussions between India and the United States are progressing steadily, with both sides working to resolve concerns related to reciprocal tariffs and market access, the Commerce Ministry said on Monday, November 17.



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16th Finance Commission submits 2026-31 report to President Murmu



India’s 16th Finance Commission, led by economist Arvind Panagariya, on Monday submitted its recommendations for the 2026-31 period to President Droupadi Murmu, completing the exercise ahead of its November 30 deadline.



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Efficiency and digitisation to drive Kotak’s push into India’s top three: Ashok Vaswani



Kotak Mahindra Bank is marking 40 years since it began as a small ₹30-lakh NBFC, and both Uday Kotak, Founder & Director of Kotak Mahindra Bank and Ashok Vaswani, MD & CEO of Kotak Mahindra Bank, joined CNBC-TV18 to talk about what comes next.



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India’s electronics manufacturing needs scale, design, strong ecosystem to sustain global play, say experts



India’s electronics manufacturing ambitions will need far greater scale, stronger design capabilities and a deeper local ecosystem if the country wants to cement its position in global value chains, according to industry leaders who spoke to CNBC-TV18, even as the government cleared another round of investment proposals under its electronic component production-linked incentive (PLI) scheme.



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Mumbai CNG Supply Hit: Full restoration by tomorrow, MGL says



Shares of Mahanagar Gas Ltd. (MGL) and GAIL (India) Ltd. continue to be in focus on Monday, November 17, after a major disruption in compressed natural gas (CNG) supply hit Mumbai over the weekend.



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At least 45 Indians dead after bus collides with diesel tanker near Medina in Saudi Arabia



At least 45 Indians were charred to death after a bus carrying Umrah pilgrims collided with a diesel tanker near Medina, according to local media in Saudi Arabia on Monday. The incident happened when the bus was travelling from Mecca to Medina at 1:20 am IST on Monday (November 17) while most passengers were asleep.



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Sheikh Hasina sentenced to death by Bangladesh tribunal for 'crimes against humanity'



Former Bangladesh Prime Minister Sheikh Hasina was convicted for "crimes against humanity" during the student protests in July 2024 by the country's International Crimes Tribunal (ICT) on Monday, November 17, 2025.



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After Akasa, Indigo announces operations from Navi Mumbai airport on December 25



IndiGo on Saturday announced that it will start flight operations from the newly-constructed Navi Mumbai International Airport from December 25 with domestic air services to 10 cities.



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